Bid Check with my reno → — your rehab, stressed Bid $
Street locked · 98029 | $396,800 Flip Analysis — FlipScout
Ask
$396,800
$412/sqft
Bid $
$335,993
Max bid / MAO
Room
~$60,807 over max bid · 15% of ask
vs max bid
Verdict
BID TARGET
Negotiate to $335,993
Rehab
$24,075
$25/sqft
ARV
$471,322

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 $ $335,993 · Ask $396,800

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.

Flip math

Value-add ARV

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

Implied ARV $/sqft
Subject sqft963 sqft
ARV$471,322
List− $396,800
Rehab− $24,075
Gross profit$50,447

Contextual market baseline

Sold comps for neighborhood context — not the ARV formula · 3 sales · last 6 mo · zip 98029

Street locked · 98029 · CONDO $615,360 · 957 sqft
Street locked · 98029 · CONDOS $399,000 · 1011 sqft
Street locked · 98029 · CONDOS $535,000 · 1020 sqft

Net pro forma

Includes closing costs & 5.83-month carry

Buy closing (2%)$7,936
Holding carry$21,206
All-in capital$450,017
Sell costs (6%)− $28,279
Net proceeds$443,043
Net profit $-7,201
Photo triage & rehab band

Condition triage

Library estimate

No contractor assessment on file for this listing.

ML baseline rehab:

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: $24,075
Renovation Budget (estimated) $24,075

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.

Apex breakdown

Threshold 85+ = Apex Hot

profit margin
40/100
35% weight
hidden repair risk
100/100
25% weight
neighborhood trajectory
60/100
25% weight
condition
50/100
15% weight
Beds
2
Baths
1.0
Sqft
963
Zip
98029

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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