Bid Check with my reno → — your rehab, stressed Bid $
Street locked · 07302 | $325,000 Flip Analysis — FlipScout
Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5
Ask
$325,000
$310/sqft
Bid $
$299,436
Max bid / MAO
Room
ARV check required
vs max bid
Verdict
WALK
ARV/ask > 1.75× — Need ARV check before CLEARS.
Rehab
$389,400
$371/sqft
ARV
$733,355

Clearance (C) — bid physics. C = Bid $ ÷ Ask. We don't mint fake CLEARS. CLEARS · BID TARGET · WALK

Free: tape numbers + 3 Bid Checks/mo. Pro $15/mo: unlimited Bid Checks · streets + Deal Architecture.

Deal Architecture · Pro

Bid $ $299,436 · Ask $325,000

Walk-away max bid is free above — same math as the Bid/Pass Tape. Live waterfall, health, controls, and rehab bands unlock with Pro. We do not show a hollow OUR EDGE with empty dashes.

Go Pro $15/mo MAO calculator
Flip math

Value-add ARV

ARV = adjusted list + (rehab × 1.5) · zip avm

Implied ARV $/sqft
Subject sqft1050 sqft
ARV$733,355
List− $325,000
Rehab− $389,400
Gross profit$0

Contextual market baseline

Sold comps for neighborhood context — not the ARV formula · 3 sales · last 6 mo · zip 07302

Street locked · 07302 · CONDO $1,055,000 · 1050 sqft
Street locked · 07302 · OTHER $1,055,000 · 1050 sqft
Street locked · 07302 · OTHER $1,022,500 · 1061 sqft

Net pro forma

Includes closing costs & 4.0-month carry

Buy closing (2%)$6,500
Holding carry$26,195
All-in capital$747,095
Sell costs (6%)− $44,001
Net proceeds$689,354
Net profit $80,337
Photo triage & rehab band

Condition triage

FlipScout AI Inspector ·

Historic warehouse exterior suggests a full conversion project. Visible needs include repainting weathered exterior trim and landscaping/cleaning the stained concrete base. Building age implies full system replacements (HVAC, electric, plumbing) and interior updates (kitchen, bath, floors) are required for a residential flip.

Rehab: $389,400

Renovation budget

Total: $389,400
Heavy rehab band (1,050 sqft × $75/sqft) $78,750
Contingency (15%) $11,812

Rehab from historical Condition Tier $/sqft band × subject sqft — not vision-invented GC quotes. Verify with a licensed contractor before closing.

Neighborhood & Apex

Trajectory: Declining

Jersey City (07302) signals softer conditions: margins ~0.3%, DOM ~45 days, avg price drops ~0.0. Tighten ARV and rehab assumptions.

Beds
0
Baths
1.0
Sqft
1050
Zip
07302

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