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Updated almost 8 years ago,
Min. Cash flow and of pay off mortgage and increase cash flow.
I purchased a condo in Clearwater FL on the high side in 2006. 20k down finance 80k. I have paid down the mortgage down to 47k. Currently the cash flow is only $70 per month. If I pay off the mortgage the cash flow increases to $410 per month.
The 47k is sitting in a mutual fund doing ok but not great. Paying off the mortgage will guarantee me almost 8%. Thoughts?