HOT DEAL ✓ Math verified AI Ollama Vision (llava)

637 Franklin Way Unit 8C

Newark, NJ 07102

2 bd · 2.0 ba · 1,190 sqft

Property photo 1 Property photo 2
List Price
$197,500
$166/sqft
Renovation
$45,600
$38/sqft
ARV
$286,493
$241/sqft
Gross Profit
$43,393
22.0% margin
Net Profit*
$15,336
6.0% ROI
Condition
5/10
Heavy renovation

ARV Build-Up

Core flip economics — formulas match FlipScout engine

List price (acquisition) $197,500
Renovation budget + $45,600
Renovation value-add (×1.5) + $68,400
Market premium (10.4% of list) + $20,593
After Repair Value (ARV) $286,493
ARV = List + (Reno × 1.5) + Market Premium
Gross Profit = ARV − List − Reno = $43,393

Net Pro Forma

*Includes closing costs & 4-month carry

All-in acquisition (list + 2% buy closing) $197,500 + $3,950
Hard costs (renovation) $45,600
Holding carry (4 mo) $6,917
Total capital deployed $253,967
ARV at disposition $286,493
Sell-side costs (6%) − $17,190
Net sale proceeds $269,304
Net profit $15,336
Net ROI on capital
6.0%
Net margin on ARV
5.3%

AI Vision Analysis

Ollama Vision (llava) · Condition 5/10 — Heavy renovation

GutTurnkey

Contractor Assessment

Kitchen cabinets worn but functional. New countertops and flooring would modernize quickly.

AI renovation estimate: $45,600

Investor Scope Checklist

  • Kitchen cabinets worn but functional. New countertops and flooring would modernize quickly.
  • 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 Allocation

Kitchen refresh $12,768
Bathrooms $9,120
Flooring & paint $10,032
Exterior / curb appeal $6,840
Contingency (10%) $6,840

Allocations sum to renovation budget · Adjust per inspection

Property Facts

Bedrooms
2
Bathrooms
2.0
Square Feet
1190 sqft
Zip / Market
07102
Hot Deal Threshold
>15% gross margin
Deal Status
Qualified Hot Deal
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