Flip report generated Jan 1, 2025
The Flip Potential of
1156 Selma Rd Springfield, OH 45505
is high.
Current Specs
3 Bed / 1 Bath
1,519 sqft
$9 per sqft
Estimated Value$13,333
Flip Advice
This property at 1156 Selma Rd in Springfield, OH, is a foreclosure with a listing price of just $13K. While the property has potential due to its low entry cost, it requires significant renovations to bring it up to market standards. Comparable properties in the area are valued between $21K and $34K, indicating that the neighborhood has room for appreciation, but the costs of renovation could diminish overall profits.
Focus on cosmetic upgrades that appeal to buyers in this price range. A fresh coat of paint, updated kitchen fixtures, and bathroom improvements could significantly increase attractiveness. Given the current listing and the surrounding comps, weigh the potential for profit against the investment needed to renovate. Getting estimates from contractors will be crucial to ensure a positive ROI.
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.