Flip report generated Apr 2, 2025
The Flip Potential of
7049 Bates St Dallas, TX 75227
is medium.
Current Specs
3 Bed / 2 Bath
1,936 sqft
$39 per sqft
Estimated Value$75,000
Flip Advice
The property at 7049 Bates St in Dallas is listed at $75,000, which is notably below the median listing prices in neighborhoods like Urbandale Heights ($274,499) and Southeast Dallas ($275,000). The home offers 1,936 sqft, 3 beds, and 2 baths, providing solid basics for a flip. However, its price per square foot ($39) is significantly lower than nearby comps averaging $167-$193/sqft, suggesting renovation potential. The Dallas housing market shows steady growth, but increasing inventory and moderated price growth might limit upside potential. Renovation costs and market demand will be key factors to ensure profitability.
To maximize the property's potential, focus on cost-effective upgrades, especially in high-demand areas like kitchens and bathrooms. Ensure that post-renovation pricing aligns with the $167-$193/sqft range typical in the area. Market the property aggressively, considering Dallas's competitive landscape, and aim for a quick sale to minimize holding costs. For homeowners considering a sale without flipping, enhancing curb appeal and minor upgrades could also boost the property's marketability.
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.