Bid Check with my reno → — your rehab, stressed Bid $
Street locked · 07302 | $419,000 Flip Analysis — FlipScout
Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5
Ask
$419,000
$610/sqft
Bid $
$333,783
Max bid / MAO
Room
~$85,217 over max bid · 20% of ask
vs max bid
Verdict
WALK
Pass at list
Rehab
$183,441
$267/sqft
ARV
$479,824

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 $ $333,783 · Ask $419,000

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 sqft687 sqft
ARV$479,824
List− $419,000
Rehab− $183,441
Gross profit$-122,617

Contextual market baseline

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

Street locked · 07302 · CONDO $635,000 · 652 sqft
Street locked · 07302 · CONDOS $700,000 · 744 sqft
Street locked · 07302 · CONDOS $754,600 · 753 sqft

Net pro forma

Includes closing costs & 3.08-month carry

Buy closing (2%)$8,380
Holding carry$17,009
All-in capital$627,829
Sell costs (6%)− $28,789
Net proceeds$451,034
Net profit $-8,570
Photo triage & rehab band

Condition triage

FlipScout AI Inspector ·

The property features a desirable open floor plan but suffers from dated finishes, specifically the honey-toned cabinetry and flooring. This is a cosmetic flip opportunity rather than a structural rehab, focusing on modernizing the kitchen and living areas.

Rehab: $183,441

Renovation budget

Total: $183,441
Cosmetic rehab band (687 sqft × $45/sqft) $30,915
Contingency (15%) $4,637

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.

Apex breakdown

Threshold 85+ = Apex Hot

profit margin
33/100
35% weight
hidden repair risk
85/100
25% weight
neighborhood trajectory
20/100
25% weight
condition
60/100
15% weight
Beds
1
Baths
1.0
Sqft
687
Zip
07302

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