Bid Check with my reno → — your rehab, stressed Bid $
Street locked · 07047 | $340,000 Flip Analysis — FlipScout
Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5
Ask
$340,000
$498/sqft
Bid $
$252,231
Max bid / MAO
Room
~$87,769 over max bid · 26% of ask
vs max bid
Verdict
WALK
Pass at list
Rehab
$35,345
$52/sqft
ARV
$242,652

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 $ $252,231 · Ask $340,000

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 sqft683 sqft
ARV$242,652
List− $340,000
Rehab− $35,345
Gross profit$-132,693

Contextual market baseline

Sold comps for neighborhood context — not the ARV formula · 3 sales · last 6 mo · zip 07047

Street locked · 07047 · CONDOS $230,000 · 673 sqft
Street locked · 07047 · CONDOS $275,000 · 660 sqft
Street locked · 07047 · CONDOS $240,000 · 630 sqft

Net pro forma

Includes closing costs & 4.94-month carry

Buy closing (2%)$6,800
Holding carry$16,997
All-in capital$399,142
Sell costs (6%)− $14,559
Net proceeds$228,093
Net profit $-46,909
Photo triage & rehab band

Condition triage

FlipScout AI Inspector ·

Exterior brick facade and landscaping appear dated (likely 1970s/80s era), indicating a value-add opportunity. While the structure appears sound, a flip strategy requires full interior modernization (kitchens, baths, paint) and likely significant system upgrades (HVAC, electrical, plumbing) typical for buildings of this vintage to maximize resale value.

Rehab: $35,345

Renovation budget

Total: $35,345
Cosmetic rehab band (683 sqft × $45/sqft) $30,735
Contingency (15%) $4,610

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

07047 (07047) signals softer conditions: margins ~2.1%, DOM ~45 days, avg price drops ~0.0. Tighten ARV and rehab assumptions.

Apex breakdown

Threshold 85+ = Apex Hot

profit margin
0/100
35% weight
hidden repair risk
100/100
25% weight
neighborhood trajectory
20/100
25% weight
condition
50/100
15% weight
Beds
1
Baths
1.0
Sqft
683
Zip
07047

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