Flip report generated Feb 23, 2025
The Flip Potential of
16542 Mill Pond Trl Plymouth, Indiana
is medium.
Current Specs
2 Bed / 1 Bath
1,244 sqft
$124 per sqft
Estimated Value$154,562
Flip Advice
This Plymouth property has intriguing flip potential. Listed at $149.5K, it's below the estimated $154.5K valuation. The 2-bed, 1-bath mobile home on a 0.26-acre lakefront lot offers unique appeal. However, being a 1973 build, it likely needs updates to maximize value. The local market shows higher prices for homes with more bedrooms and baths, suggesting room for profitable improvements.
Consider adding a bedroom and bathroom to boost value significantly. Comp data shows 3-bed, 2-bath homes in the area selling for around $215K. Focus on modernizing the kitchen and enhancing the lakefront features to capitalize on the water view. Given the potential $60K+ increase in value, a well-planned renovation could yield a solid return. Just ensure renovation costs don't exceed the potential profit margin.
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.