Bid Check with my reno → — your rehab, stressed Bid $
Street locked · 07302 | $659,000 Flip Analysis — FlipScout
Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5
Ask
$659,000
$782/sqft
Bid $
$514,569
Max bid / MAO
Room
~$144,431 over max bid · 22% of ask
vs max bid
Verdict
WALK
Pass at list
Rehab
$225,095
$267/sqft
ARV
$682,768

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 $ $514,569 · Ask $659,000

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 sqft843 sqft
ARV$682,768
List− $659,000
Rehab− $225,095
Gross profit$-201,328

Contextual market baseline

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

Street locked · 07302 · CONDOS $681,000 · 843 sqft
Street locked · 07302 · CONDOS $711,888 · 837 sqft
Street locked · 07302 · CONDOS $675,000 · 858 sqft

Net pro forma

Includes closing costs & 4.1-month carry

Buy closing (2%)$13,180
Holding carry$33,227
All-in capital$930,503
Sell costs (6%)− $40,966
Net proceeds$641,802
Net profit $-35,801
Photo triage & rehab band

Condition triage

FlipScout AI Inspector ·

This property presents as a solid cosmetic flip opportunity with good natural light and an open layout. While structural systems appear intact, the finishes are dated and require modernization to achieve top market value.

Rehab: $225,095

Renovation budget

Total: $225,095
Cosmetic rehab band (843 sqft × $45/sqft) $37,935
Contingency (15%) $5,690

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
24/100
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
843
Zip
07302

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