Bid Check with my reno → — your rehab, stressed Bid $
Street locked · 07047 | $294,999 Flip Analysis — FlipScout
Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5
Ask
$294,999
$354/sqft
Bid $
$194,256
Max bid / MAO
Room
~$100,743 over max bid · 34% of ask
vs max bid
Verdict
WALK
Pass at list
Rehab
$83,084
$100/sqft
ARV
$285,882

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 $ $194,256 · Ask $294,999

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 sqft833 sqft
ARV$285,882
List− $294,999
Rehab− $83,084
Gross profit$-92,201

Contextual market baseline

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

Street locked · 07047 · CONDO $305,000 · 756 sqft
Street locked · 07047 · CONDOS $305,000 · 756 sqft
Street locked · 07047 · CONDOS $230,000 · 673 sqft

Net pro forma

Includes closing costs & 5.33-month carry

Buy closing (2%)$5,900
Holding carry$18,473
All-in capital$402,455
Sell costs (6%)− $17,153
Net proceeds$268,729
Net profit $-62,271
Photo triage & rehab band

Condition triage

Library estimate

No contractor assessment on file for this listing.

ML baseline rehab: $83,084

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: $83,084
Kitchen — Full Replacement $48,000
Bathroom — Full Renovation $18,000
Interior Paint (833 sqft × $3.00) $2,499
Flooring — Hardwood Refinish (833 sqft × $4.50) $3,748
Contingency (15%) $10,837

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
15/100
35% weight
hidden repair risk
100/100
25% weight
neighborhood trajectory
20/100
25% weight
condition
50/100
15% weight
Beds
2
Baths
1.0
Sqft
833
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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