Flip report generated Apr 5, 2025
The Flip Potential of
803 Johnson Ave Silver Spring, MD 20904
is medium.
Current Specs
3 Bed / 1 Bath
1,170 sqft
$214 per sqft
Estimated Value$250,000
Flip Advice
The property at 803 Johnson Ave, Silver Spring, MD, offers potential as a flip opportunity but comes with challenges. It is a fixer-upper in a prime location, which could attract buyers post-renovation. However, with 1,170 sqft and 3 beds/1 bath, it is smaller than neighborhood comps, limiting its after-repair value (ARV). Nearby comparable properties have sold for higher valuations, but they also feature larger sizes or additional amenities, suggesting a moderate risk-return profile for this project.
To maximize appeal and potential profit, focus on cost-effective renovations such as modernizing the kitchen and bathroom, enhancing curb appeal, and maximizing the use of its lot space. Given the low interior access before settlement, ensure thorough due diligence to avoid unexpected repair costs. Pricing renovations strategically to align with neighborhood trends is essential to securing a profitable resale. Selling at a competitive price could attract buyers looking for properties in this sought-after area.
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.