Bid Check with my reno → — your rehab, stressed Bid $
Street locked · 07047 | $589,000 Flip Analysis — FlipScout
Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5
Ask
$589,000
$382/sqft
Bid $
$426,743
Max bid / MAO
Room
~$162,257 over max bid · 28% of ask
vs max bid
Verdict
WALK
Pass at list
Rehab
$89,200
$58/sqft
ARV
$529,208

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 $ $426,743 · Ask $589,000

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 sqft1542 sqft
ARV$529,208
List− $589,000
Rehab− $89,200
Gross profit$-148,992

Contextual market baseline

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

Street locked · 07047 · TOWNHOMES $550,000 · 1520 sqft
Street locked · 07047 · SINGLE_FAMILY $530,000 · 1408 sqft
Street locked · 07047 · SINGLE_FAMILY $550,000 · 1352 sqft

Net pro forma

Includes closing costs & 6.5-month carry

Buy closing (2%)$11,780
Holding carry$40,409
All-in capital$730,389
Sell costs (6%)− $31,752
Net proceeds$497,456
Net profit $-89,262
Photo triage & rehab band

Condition triage

Library estimate

No contractor assessment on file for this listing.

ML baseline rehab: $89,200

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: $89,200
Kitchen — Full Replacement $48,000
Bathroom — Full Renovation $18,000
Interior Paint (1,542 sqft × $3.00) $4,626
Flooring — Hardwood Refinish (1,542 sqft × $4.50) $6,939
Contingency (15%) $11,635

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
2/100
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
1542
Zip
07047

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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