Bid Check with my reno → — your rehab, stressed Bid $
Street locked · 07302 | $499,000 Flip Analysis — FlipScout
Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5
Ask
$499,000
$491/sqft
Bid $
$359,891
Max bid / MAO
Room
~$139,109 over max bid · 28% of ask
vs max bid
Verdict
WALK
Pass at list
Rehab
$84,671
$83/sqft
ARV
$710,307

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 $ $359,891 · Ask $499,000

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 sqft1017 sqft
ARV$710,307
List− $499,000
Rehab− $84,671
Gross profit$126,636

Contextual market baseline

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

Street locked · 07302 · CONDO $899,000 · 991 sqft
Street locked · 07302 · CONDOS $899,000 · 991 sqft
Street locked · 07302 · SINGLE_FAMILY $923,000 · 984 sqft

Net pro forma

Includes closing costs & 4.73-month carry

Buy closing (2%)$9,980
Holding carry$25,307
All-in capital$618,958
Sell costs (6%)− $42,618
Net proceeds$667,688
Net profit $-76,203
Photo triage & rehab band

Condition triage

Library estimate

No contractor assessment on file for this listing.

ML baseline rehab: $84,671

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: $84,671
Kitchen — Full Replacement $48,000
Bathroom — Full Renovation $18,000
Interior Paint (1,017 sqft × $3.00) $3,051
Flooring — Hardwood Refinish (1,017 sqft × $4.50) $4,576
Contingency (15%) $11,044

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
4/100
35% weight
hidden repair risk
100/100
25% weight
neighborhood trajectory
20/100
25% weight
condition
50/100
15% weight
Beds
2
Baths
2.0
Sqft
1017
Zip
07302

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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