Flip report generated Jan 2, 2025
The Flip Potential of
9404 Red Oak Ln Edmond, OK
home
is medium.
Current Specs
3 Bed / 2 Bath
2,162 sqft
$162 per sqft
Estimated Value$349,900
Flip Scenarios
Explore renovation scenarios based on recent comps that could increase the value of 9404 Red Oak Ln:
Add 250 sqft...
+$42,583 (12.17%)
New Potential Value$392,483
Add a bedroom...
+$22,701 (6.49%)
New Potential Value$372,601
Add a bed & bath...
+$34,741 (9.93%)
New Potential Value$384,641
Flip Advice
This property at 9404 Red Oak Ln in Edmond, OK, has good potential for a flip due to its spacious layout (2,162 sqft) and appealing features like fresh paint and new flooring. However, it's already been renovated, which may limit ROI. The neighborhood is desirable, with nearby comps averaging around $392K to $384K, indicating strong market demand.
To enhance its market appeal, consider minor updates rather than major renovations, such as landscaping improvements or modernizing fixtures. Engage a local real estate agent to market effectively, highlighting the property's spacious yard and quiet setting. Given current market trends, pricing competitively around $349K could attract buyers quickly.
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.