Bid Check with my reno → — your rehab, stressed Bid $
Street locked · 07302 | $660,000 Flip Analysis — FlipScout
Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5
Ask
$660,000
$762/sqft
Bid $
$516,302
Max bid / MAO
Room
~$143,698 over max bid · 22% of ask
vs max bid
Verdict
WALK
Pass at list
Rehab
$231,241
$267/sqft
ARV
$711,580

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 $ $516,302 · Ask $660,000

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 sqft866 sqft
ARV$711,580
List− $660,000
Rehab− $231,241
Gross profit$-179,660

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 $690,000 · 930 sqft

Net pro forma

Includes closing costs & 3.83-month carry

Buy closing (2%)$13,200
Holding carry$31,290
All-in capital$935,731
Sell costs (6%)− $42,695
Net proceeds$668,885
Net profit $-33,813
Photo triage & rehab band

Condition triage

FlipScout AI Inspector ·

This property appears to be a condo unit requiring a cosmetic rehabilitation focused on modernizing dated finishes like the reddish hardwood floors. While the structural elements visible appear sound, the vintage of the flooring suggests the kitchen and bathrooms will likely need full updates to meet current market standards.

Rehab: $231,241

Renovation budget

Total: $231,241
Cosmetic rehab band (866 sqft × $45/sqft) $38,970
Contingency (15%) $5,846

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
25/100
35% weight
hidden repair risk
83/100
25% weight
neighborhood trajectory
20/100
25% weight
condition
60/100
15% weight
Beds
1
Baths
1.0
Sqft
866
Zip
07302

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