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
This property at 803 Johnson Ave in Silver Spring, MD, is a fixer-upper with significant potential for improvement. It is priced at $250K, and nearby comps suggest a median sold price of $425K, leaving room for a potential profit margin. However, its smaller size (1,170 sqft) and limited lot area may temper the upside. The as-is condition and limited access before settlement indicate higher renovation demands and risks.
To maximize the property's value, focus on essential updates like kitchen and bathroom renovations, and consider adding square footage if feasible to align with larger comps. With a competitive neighborhood market, completing renovations efficiently and pricing strategically will be critical for a profitable flip or sale. Ensure your budget accommodates potential surprises during the renovation process.
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.
Flip Scenarios
Explore renovation scenarios based on recent comps that could increase the value of 803 Johnson Ave: