Bid Check with my reno → — your rehab, stressed Bid $
Street locked · 07083 | $589,000 Flip Analysis — FlipScout
Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5
Ask
$589,000
$605/sqft
Bid $
$410,238
Max bid / MAO
Room
~$178,762 over max bid · 30% of ask
vs max bid
Verdict
WALK
Pass at list
Rehab
$84,301
$87/sqft
ARV
$267,636

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 $ $410,238 · Ask $589,000

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.

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Flip math

Value-add ARV

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

Implied ARV $/sqft
Subject sqft974 sqft
ARV$267,636
List− $589,000
Rehab− $84,301
Gross profit$-405,665

Contextual market baseline

Sold comps for neighborhood context — not the ARV formula · 3 sales · last 6 mo · zip 07083

Street locked · 07083 · CONDO $199,000 · 600 sqft
Street locked · 07083 · CONDO $510,000 · 1437 sqft
Street locked · 07083 · SINGLE_FAMILY $575,000 · 1470 sqft

Net pro forma

Includes closing costs & 4.37-month carry

Buy closing (2%)$11,780
Holding carry$26,971
All-in capital$712,052
Sell costs (6%)− $16,058
Net proceeds$251,577
Net profit $-109,920
Photo triage & rehab band

Condition triage

Library estimate

No contractor assessment on file for this listing.

ML baseline rehab: $84,301

Baseline notes

Investor scope checklist

  • ▸Kitchen cabinets/counters are primary value-add
  • ▸Flooring and paint drive resale perception
  • ▸Exterior curb appeal strongly impacts ARV
  • ▸Mechanicals assumed functional; verify on inspection

Renovation budget

Total: $84,301
Kitchen — Full Replacement $48,000
Bathroom — Full Renovation $18,000
Interior Paint (974 sqft × $3.00) $2,922
Flooring — Hardwood Refinish (974 sqft × $4.50) $4,383
Contingency (15%) $10,996

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

Neighborhood & Apex

Trajectory: Stable

No enrichment data.

Beds
2
Baths
2.0
Sqft
974
Zip
07083

Assigns Condition Tier 1–4 from listing photos (gut / heavy / cosmetic / turnkey). Rehab $ comes from historical tier bands — not photo guessing. Usually ~30–90s.

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