Flip report generated Dec 15, 2024
The Flip Potential of
720 E Magill Ave Fresno, CA
is medium.
Current Specs
2 Bed / 2 Bath
1,506 sqft
$116 per sqft
Estimated Value$175,000
Flip Advice
This 2-bedroom townhouse in Fresno's Hoover neighborhood has potential, but it does require some repairs. The property is priced at $175K, which is significantly lower than the average valuation of similar properties in the area, around $220K to $250K. The neighborhood shows a strong median selling price of $339K, indicating a solid real estate market.
Investors should consider making cosmetic upgrades and minor repairs to enhance the property's appeal. Given its location and the current market conditions, a well-executed flip could yield a profit. However, be mindful of the HOA fees at $475/month, which could impact your overall ROI.
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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.