Bid Check with my reno → — your rehab, stressed Bid $
Street locked · 77002 | $397,500 Flip Analysis — FlipScout
Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5
Ask
$397,500
$212/sqft
Bid $
$281,268
Max bid / MAO
Room
~$116,232 over max bid · 29% of ask
vs max bid
Verdict
WALK
Pass at list
Rehab
$92,046
$49/sqft
ARV
$389,402

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 $ $281,268 · Ask $397,500

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 sqft1872 sqft
ARV$389,402
List− $397,500
Rehab− $92,046
Gross profit$-100,144

Contextual market baseline

Sold comps for neighborhood context — not the ARV formula · 3 sales · last 6 mo · zip 77002

Street locked · 77002 · CONDOS $399,000 · 1884 sqft
Street locked · 77002 · CONDOS $315,000 · 1810 sqft
Street locked · 77002 · CONDOS $310,000 · 1664 sqft

Net pro forma

Includes closing costs & 5.7-month carry

Buy closing (2%)$7,950
Holding carry$25,579
All-in capital$523,075
Sell costs (6%)− $23,364
Net proceeds$366,038
Net profit $-63,443
Photo triage & rehab band

Condition triage

Library estimate

No contractor assessment on file for this listing.

ML baseline rehab: $92,046

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: $92,046
Kitchen — Full Replacement $48,000
Bathroom — Full Renovation $18,000
Interior Paint (1,872 sqft × $3.00) $5,616
Flooring — Hardwood Refinish (1,872 sqft × $4.50) $8,424
Contingency (15%) $12,006

Rehab from historical Condition Tier $/sqft band × subject sqft — not vision-invented GC quotes. Verify with a licensed contractor before closing.

Neighborhood & Apex

Trajectory: Stable

No enrichment data.

Apex breakdown

Threshold 85+ = Apex Hot

profit margin
15/100
35% weight
hidden repair risk
100/100
25% weight
neighborhood trajectory
60/100
25% weight
condition
50/100
15% weight
Beds
2
Baths
2.0
Sqft
1872
Zip
77002

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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Same zip or nearby price band — Bid/Pass Tape rows

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