Flip report generated Apr 11, 2025
The Flip Potential of
887 Madison Ave Paterson, NJ
is medium.
Current Specs
3 Bed / 1 Bath
Estimated Value$100,000
Flip Advice
The property at 887 Madison Ave, Paterson, NJ, is a single-family home with 3 bedrooms and 1 bath, listed at $100K. While located in the People's Park neighborhood, its fire damage and 'as-is' sale status increase renovation costs and risks. Nearby comps show an average sale price of $478K, offering potential post-renovation value. However, extensive repairs will be needed to meet market standards.
For investors, this property could be viable if acquired below the $100K list price and if renovation costs are tightly controlled. Apply the 70% rule to estimate your maximum purchase price, factoring in repair costs and the $478K average resale value. Current homeowners should focus on essential repairs to improve its appeal if considering a sale.
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.