This Fort Lauderdale property in the desirable Rio Vista neighborhood shows strong potential for a flip. Its current valuation of $1.2M is competitive, especially with comparable properties selling for around $1M to $1.3M. Given the high demand in this area, any renovations can significantly boost its market value. However, the need for extensive work and updates might diminish the profitability of a flip, depending on the renovation scale and costs.

Consider minor cosmetic renovations to enhance the property's appeal, focusing on the kitchen and bathrooms. Emphasize the attractive outdoor space and pool area in marketing efforts. Given the architectural plans available for expansion, strategizing a larger renovation could yield higher returns. Monitor the local market trends closely to time the sale optimally.