Flipping houses in Cincinnati can be a great experience for knowledgeable real estate investors. This month, we're excited to feature a completed flip of a single-family home in Covington, Kentucky, a few minutes outside of Cincinnati, Ohio.
This property has undergone an extensive rehab, and our borrower was determined to make it a modern masterpiece for the next owner. This home flipper completely rehabilitated the property in just twelve months. Fund That Flip was there to help the borrower transform the distressed property into a luxurious home through the help of a short-term fix-and-flip bridge loan.
Check out the video below to see how this Cincinnati property was transformed. The borrower spared no expense to make sure this property would stand out among the rest!
This house flipper saw a fantastic opportunity to rehab this property and turn a profit through financing with a fix-and-flip loan. After successfully completing the project, the borrower listed this property for more than 3x the purchase price. This home features 3 bedroom suites with private baths, zoned heating and cooling, a second-floor balcony, and 2 living rooms.
3 Stats You Need To Know for Flipping Houses in Cincinnati
Flipping houses in Greater Cincinnati can be very rewarding. If you plan to flip houses in Cincinnati in the near future, check out these important stats:
- According to Redfin, the average sale price for homes in the city is about $159,000.
- Median household income in Cincinnati is $80,277.
- Cincinnati ranks in the top 10 in the United States for most affordable cities, best cities to raise a family, and best cities for commuters.