Flip report generated Apr 1, 2025
The Flip Potential of
5211 Haverhill St Detroit, MI 48224
is medium.
Current Specs
3 Bed / 1.5 Bath
1,396 sqft
$43 per sqft
Estimated Value$59,900
Flip Advice
This 1928 brick colonial in Detroit's Morningside neighborhood offers good flip potential. Priced at $59,900 ($43/sqft), it's well below the area's median of $129,900. With 3 beds, 1.5 baths, and 1,396 sqft, it's partially renovated but needs TLC. The property last sold in 2020 for $152,000, indicating significant value potential if properly updated.
Focus on cost-effective renovations to maximize ROI. Prioritize kitchen and bathroom upgrades, as these offer the best returns. Consider adding a full bath to boost value, as comps show a significant price jump for 2.5 bath homes. Aim for a quick flip to minimize holding costs and capitalize on the current market conditions. Target a sale price around $130,000-$140,000 based on neighborhood comps.
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.