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Street locked · 98004 | $399,950 Flip Analysis — FlipScout
Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5
Ask
$399,950
$612/sqft
Bid $
$376,001
Max bid / MAO
Room
~$23,949 over max bid · 6% of ask
vs max bid
Verdict
BID TARGET
Negotiate to $376,001
Rehab
$26,333
$40/sqft
ARV
$526,663

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 $ $376,001 · Ask $399,950

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 sqft654 sqft
ARV$526,663
List− $399,950
Rehab− $26,333
Gross profit$100,380

Contextual market baseline

Sold comps for neighborhood context — not the ARV formula · 3 sales · last 6 mo · zip 98004

Street locked · 98004 · CONDOS $375,000 · 581 sqft
Street locked · 98004 · SINGLE_FAMILY $1,756,000 · 780 sqft
Street locked · 98004 · CONDOS $550,000 · 810 sqft

Net pro forma

Includes closing costs & 2.6-month carry

Buy closing (2%)$7,999
Holding carry$9,532
All-in capital$443,814
Sell costs (6%)− $31,600
Net proceeds$495,063
Net profit $38,088
Photo triage & rehab band

Condition triage

Library estimate

No contractor assessment on file for this listing.

ML baseline rehab: —

Baseline notes

Investor scope checklist

  • ▸Kitchen cabinets/counters are primary value-add
  • ▸Flooring and paint drive resale perception
  • ▸Exterior curb appeal strongly impacts ARV
  • ▸Mechanicals assumed functional; verify on inspection

Renovation budget

Total: $26,333
Renovation Budget (estimated) $26,333

Rehab from historical Condition Tier $/sqft band × subject sqft — not vision-invented GC quotes. Verify with a licensed contractor before closing.

Neighborhood & Apex

Trajectory: Stable

No enrichment data.

Apex breakdown

Threshold 85+ = Apex Hot

profit margin
40/100
35% weight
hidden repair risk
100/100
25% weight
neighborhood trajectory
60/100
25% weight
condition
50/100
15% weight
Beds
1
Baths
1.0
Sqft
654
Zip
98004

Assigns Condition Tier 1–4 from listing photos (gut / heavy / cosmetic / turnkey). Rehab $ comes from historical tier bands — not photo guessing. Usually ~30–90s.

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