Ask

$525,000

$545/sqft

Bid $

$363,974

Max bid / MAO

Room

~$161,026 over max bid · 31% of ask

vs max bid

Verdict

WALK

Pass at list

Rehab

$84,214

$87/sqft

ARV

$423,985

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 $ $363,974 · Ask $525,000

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 sqft	964 sqft
ARV	$423,985
List	− $525,000
Rehab	− $84,214
Gross profit	$-185,229

Contextual market baseline

Sold comps for neighborhood context — not the ARV formula · 3 sales · last 6 mo · zip 07087

Street locked · 07087 · CONDO $525,000 · 964 sqft

Street locked · 07087 · CONDOS $525,000 · 964 sqft

Street locked · 07087 · CONDOS $385,000 · 986 sqft

Net pro forma

Includes closing costs & 4.05-month carry

Buy closing (2%)	$10,500
Holding carry	$22,617
All-in capital	$642,331
Sell costs (6%)	− $25,439
Net proceeds	$398,546
Net profit	$-98,612

Photo triage & rehab band

Condition triage

Library estimate

No contractor assessment on file for this listing.

ML baseline rehab: $84,214

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: $84,214

Kitchen — Full Replacement $48,000

Bathroom — Full Renovation $18,000

Interior Paint (964 sqft × $3.00) $2,892

Flooring — Hardwood Refinish (964 sqft × $4.50) $4,338

Contingency (15%) $10,984

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

1/100

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: 964
Zip: 07087

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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