Bid Check with my reno → — your rehab, stressed Bid $
Street locked · 07302 | $738,000 Flip Analysis — FlipScout
Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5
Ask
$738,000
$975/sqft
Bid $
$568,118
Max bid / MAO
Room
~$169,882 over max bid · 23% of ask
vs max bid
Verdict
WALK
Pass at list
Rehab
$202,134
$267/sqft
ARV
$622,016

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 $ $568,118 · Ask $738,000

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 sqft757 sqft
ARV$622,016
List− $738,000
Rehab− $202,134
Gross profit$-318,118

Contextual market baseline

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

Street locked · 07302 · CONDOS $754,600 · 753 sqft
Street locked · 07302 · CONDOS $700,000 · 744 sqft
Street locked · 07302 · CONDOS $625,000 · 785 sqft

Net pro forma

Includes closing costs & 3.09-month carry

Buy closing (2%)$14,760
Holding carry$26,629
All-in capital$981,524
Sell costs (6%)− $37,321
Net proceeds$584,696
Net profit $-57,606
Photo triage & rehab band

Condition triage

FlipScout AI Inspector ·

The exterior brick facade appears structurally sound with no visible distress, indicating a solid building envelope. However, interior finishes are not visible and likely require full modernization typical of vintage high-rise units to maximize resale value.

Rehab: $202,134

Renovation budget

Total: $202,134
Cosmetic rehab band (757 sqft × $45/sqft) $34,065
Contingency (15%) $5,110

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
17/100
35% weight
hidden repair risk
70/100
25% weight
neighborhood trajectory
20/100
25% weight
condition
60/100
15% weight
Beds
1
Baths
1.0
Sqft
757
Zip
07302

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