Flip report generated Nov 23, 2024
The Flip Potential of
15871 SW 141st St Miami, FL
🏡
is medium.
Current Specs
Multi-Family
1 Units
4 Bed / 3 Bath
2,795 sqft
$280 per sqft
Estimated Value$781,980
Flip Scenarios
Explore renovation scenarios based on recent comps in or around Milon Venture that could increase the value of 15871 SW 141st St:
Add 250 sqft...
+$72,183 (9.09%)
New Potential Value$865,865
Add a bedroom...
+$42,672 (5.38%)
New Potential Value$836,354
Add a bed & bath...
+$67,958 (8.56%)
New Potential Value$861,640
Flip Advice
The property at 15871 SW 141st St, Miami, has solid attributes, including 4 bedrooms and 3 baths within a desirable neighborhood. However, the current condition of the property is unclear, and its recent valuation of approximately $794K suggests it may lack extensive renovation needs that would typically boost flipping potential. Comp data shows a median sold price of around $880K for similar properties, indicating potential but not a guarantee.
To maximize the flip potential, consider minor cosmetic upgrades to enhance appeal, like fresh paint and landscaping. If you're a homeowner, these improvements can also help during a sale. Since the property is in a good neighborhood, focusing on curb appeal will likely yield a better return. Keep an eye on local market trends to time your sale effectively.
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.