Flip report generated Jan 7, 2025
The Flip Potential of
911 W Delaware St Evansville, IN
is medium.
Current Specs
2 Bed / 1 Bath
1,100 sqft
$45 per sqft
Estimated Value$50,000
Flip Advice
The property at 911 W Delaware St, Evansville, has a current valuation of $50K, which is significantly lower than the median sold prices of nearby comps averaging around $160K. Given its size (1100 sqft) and rental potential ($625/month), it could provide stable cash flow. However, the low price point relative to the comps suggests limited flip potential, especially considering its age and possible renovation needs.
To enhance attractiveness for a sale, consider minor cosmetic upgrades that can yield a higher return without significant investment. Focus on improving curb appeal and modernizing key areas like the kitchen and bathroom. Additionally, consider marketing it as a rental property given its current rental status, which may appeal to investors looking for cash flow opportunities.
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