Flip report generated Mar 13, 2025
The Flip Potential of
408 E Magnolia Dr Tallahassee, FL 32301
is medium.
Current Specs
4 Bed / 2 Bath
1,196 sqft
$92 per sqft
Estimated Value$110,000
Flip Advice
This 4-bed, 2-bath property in Tallahassee's South Monroe neighborhood has potential for a flip, but requires careful consideration. Built in 1940, it's priced at $110,000 ($92/sqft), which is below the neighborhood's median listing price of $195,900. The property's age suggests possible renovation needs, but its location near FAMU and FSU could appeal to investors targeting the student rental market.
Consider a moderate renovation to increase the property's value. Focus on kitchen and bathroom updates, as these typically offer the best ROI. Given the $42.5K difference between the current price and the 'add space' valuation of $152.5K, there's room for profitable improvements. However, be mindful of the neighborhood's median price to avoid over-improving for the 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.