Flip report generated Nov 29, 2024
The Flip Potential of
5115 Hickory Ct Saginaw, MI
🏡
is medium.
Current Specs
3 Bed / 2.5 Bath
2,501 sqft
$157 per sqft
Estimated Value$392,754
Flip Scenarios
Explore renovation scenarios based on recent comps that could increase the value of 5115 Hickory Ct:
Add 250 sqft...
+$26,655 (6.79%)
New Potential Value$419,410
Add a bedroom...
+$14,882 (3.79%)
New Potential Value$407,637
Add a bed & bath...
+$23,049 (5.87%)
New Potential Value$415,803
Flip Advice
This property at 5115 Hickory Ct in Saginaw offers a solid foundation for a flip. With 2501 sqft and a spacious lot, it features a desirable layout of 3 bedrooms and 2.5 baths. The area is characterized by respectable property valuations ranging from approximately $385K to $419K, indicating a healthy appreciation potential. However, the nearby comps show that the property's value per square foot is significantly lower than the average in the neighborhood, suggesting the need for strategic improvements to enhance its appeal.
To maximize the flip potential, consider focusing on interior upgrades that resonate with modern buyers, such as a contemporary kitchen remodel, fresh paint, and landscaping enhancements. The exterior, built with brick siding, can be complemented with attractive outdoor spaces. Given the recent appraised valuations, investing around $30-50K in renovations could yield a favorable return, especially if the property is positioned well in the local market.
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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.