Flip report generated Dec 31, 2024
The Flip Potential of
20141 Riverchase Dr Cornelius, NC
is low.
Current Specs
5 Bed / 3.5 Bath
4,465 sqft
$505 per sqft
Estimated Value$2,254,220
Flip Advice
This property in Cornelius, NC, is a spacious 5-bedroom waterfront home with significant features that make it highly desirable. The average property valuation in the area is around $2.3M, indicating strong potential for appreciation. However, it has recently been renovated, which may limit the upside for a quick flip, as the ROI could be lower than properties needing more extensive work.
If you're considering selling, focus on enhancing curb appeal and staging the home to showcase its waterfront features. Given the current market conditions, pricing it competitively around $2.2M could attract buyers quickly. For investors, while this property holds value, it may be better suited as a long-term rental rather than a flip.
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The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.