The Flip Potential of 113 NE Haynes St Madison, FL 32340 is medium.
Current Specs
3 Bed / 2 Bath
2,225 sqft
$40 per sqft
Estimated Value$89,500
Flip Advice
This 1930-built property in downtown Madison presents an intriguing opportunity for flipping. With 2,225 sqft and priced at $89,500 ($40/sqft), it's significantly below market value. The home's historical charm and spacious layout are attractive features. However, its age suggests potential for extensive renovations, which could impact profitability.
Consider pursuing this flip with caution. Focus on cost-effective updates that preserve the home's character while addressing any major issues. Prioritize kitchen and bathroom renovations, as these often yield the highest returns. Given the low purchase price, there's potential for a good profit margin if renovation costs are carefully managed.
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.
Flip Scenarios
Explore renovation scenarios based on recent comps that could increase the value of 113 NE Haynes St: