Bid Check with my reno → — your rehab, stressed Bid $
Street locked · 07302 | $788,000 Flip Analysis — FlipScout
Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5
Ask
$788,000
$1,040/sqft
Bid $
$604,345
Max bid / MAO
Room
~$183,655 over max bid · 23% of ask
vs max bid
Verdict
WALK
Pass at list
Rehab
$202,398
$267/sqft
ARV
$613,135

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 $ $604,345 · Ask $788,000

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 sqft758 sqft
ARV$613,135
List− $788,000
Rehab− $202,398
Gross profit$-377,263

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%)$15,760
Holding carry$28,053
All-in capital$1,034,211
Sell costs (6%)− $36,788
Net proceeds$576,347
Net profit $-66,309
Photo triage & rehab band

Condition triage

FlipScout AI Inspector ·

The building exterior exhibits a dated 1980s corporate aesthetic with heavy stone cladding, suggesting interior units likely retain original, tired finishes. Investors should anticipate a full cosmetic modernization of the kitchen and bathrooms, along with system updates, to achieve market-rate resale value.

Rehab: $202,398

Renovation budget

Total: $202,398
Cosmetic rehab band (758 sqft × $45/sqft) $34,110
Contingency (15%) $5,116

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
15/100
35% weight
hidden repair risk
30/100
25% weight
neighborhood trajectory
20/100
25% weight
condition
50/100
15% weight
Beds
1
Baths
1.0
Sqft
758
Zip
07302

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