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Worth flipping?
Scoring condition from 24 listing photosScored condition from 24 listing photos
Valuing against 5 sold comps within 0.5 milesValued against 5 sold comps within 0.5 miles
Pricing the renovation line by linePriced the renovation line by line
Condition reads Outdated. The kitchen and both baths look original, the roof looks recent. I priced the work from those photos.
Example figures
Estimated value today
$268,000
Estimated renovation
$54,000
Estimated ARV
$389,000
Estimated flip return
21%
All in at an estimated $322,000, so the deal clears an estimated 21%. The mail goes somewhere else, so this owner is absentee. Ask me for the renovation line items, the rent case, or the Full Property Report.
5 sold comps, 0.5 miles, last 6 months. Every figure is an estimate.