Flip report generated Nov 23, 2024
The Flip Potential of
7930 SW 54th Ct Miami, FL
home
is medium.
Current Specs
4 Bed / 2 Bath
1,638 sqft
$1,102 per sqft
Estimated Value$1,805,013
Flip Scenarios
Explore renovation scenarios based on recent comps in or around High Pines that could increase the value of 7930 SW 54th Ct:
Add 250 sqft...
+$228,497 (13.54%)
New Potential Value$1,916,639
Add a bedroom...
+$49,452 (2.93%)
New Potential Value$1,737,594
Add a bed & bath...
+$111,874 (6.63%)
New Potential Value$1,800,016
Flip Advice
This property in High Pines, Miami, has solid potential for a flip, particularly given its prime location and the size of the lot at 10,000 sqft. While it has been well-maintained, the current valuation of approximately $1.68M shows a significant increase from its last list price of $849K, indicating a strong market demand. Comp data reveals average sold prices around $1.74M, suggesting there's room for value addition through renovations or improvements.
To maximize your return, consider updating the kitchen and bathrooms, as these areas typically offer the best ROI. Additionally, enhancing outdoor spaces, such as the patio and pool area, could attract buyers looking for a family-friendly home. Given the neighborhood's upscale nature and proximity to good schools, these upgrades could significantly boost the property's appeal in a competitive market.
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.