Min. Cash flow and of pay off mortgage and increase cash flow.

[Anthony Vespa]

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?

[Alexander Felice]

you're throwing good money after bad.

what does paying off that mortgage do for your total net worth? nothing

take the 47k and buy another unit with better returns instead of doubling down on an average investment.

You want to be more offensive than defensive.