Flip report generated Jan 21, 2025
The Flip Potential of
1424 Ridge Rd Ypsilanti, MI 48198
is medium.
Current Specs
2 Bed / 1 Bath
1,008 sqft
$89 per sqft
Estimated Value$89,900
Flip Advice
This property at 1424 Ridge Rd, Ypsilanti, MI offers a solid foundation for a flip, with a listing price of $89K and a charming historical appeal. However, given the comps in the area, which show valuations ranging from $113K to $136K, the property might require renovations to maximize its value, especially considering its smaller size at 1,008 sqft compared to larger comps.
Consider focusing on cosmetic updates, such as fresh paint, landscaping, and kitchen upgrades, to enhance curb appeal and attract buyers quickly. Given the local market trends, investing around $20K-$30K could yield a significant ROI, potentially raising the sale price to $120K or more. Keep an eye on similar properties to ensure competitive pricing.
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