HOT DEAL ✓ Math verified AI Ollama Vision (llava)

8778 Harbor Ln Unit 1B

Providence, RI 02903

4 bd · 1.5 ba · 1,558 sqft

Property photo 1 Property photo 2
List Price
$158,000
$101/sqft
Renovation
$42,800
$27/sqft
ARV
$244,935
$157/sqft
Gross Profit
$44,135
27.9% margin
Net Profit*
$20,568
9.8% ROI
Condition
3/10
Gut rehab

ARV Build-Up

Core flip economics — formulas match FlipScout engine

List price (acquisition) $158,000
Renovation budget + $42,800
Renovation value-add (×1.5) + $64,200
Market premium (14.4% of list) + $22,735
After Repair Value (ARV) $244,935
ARV = List + (Reno × 1.5) + Market Premium
Gross Profit = ARV − List − Reno = $44,135

Net Pro Forma

*Includes closing costs & 4-month carry

All-in acquisition (list + 2% buy closing) $158,000 + $3,160
Hard costs (renovation) $42,800
Holding carry (4 mo) $5,711
Total capital deployed $209,671
ARV at disposition $244,935
Sell-side costs (6%) − $14,696
Net sale proceeds $230,239
Net profit $20,568
Net ROI on capital
9.8%
Net margin on ARV
8.4%

AI Vision Analysis

Ollama Vision (llava) · Condition 3/10 — Gut rehab

GutTurnkey

Contractor Assessment

Major cosmetic and systems update needed. Roof and HVAC may require attention.

AI renovation estimate: $42,800

Investor Scope Checklist

  • Major cosmetic and systems update needed. Roof and HVAC may require attention.
  • Full kitchen replacement likely required
  • Bathrooms need modernization or full gut
  • Check roof, HVAC, and electrical panel capacity
  • Budget 10–15% contingency for hidden conditions

Renovation Budget Allocation

Kitchen & cabinets $9,416
Bathrooms $7,704
Flooring $5,136
Roof / envelope $6,420
HVAC / electrical / plumbing $7,704
Contingency (10%) $6,420

Allocations sum to renovation budget · Adjust per inspection

Property Facts

Bedrooms
4
Bathrooms
1.5
Square Feet
1558 sqft
Zip / Market
02903
Hot Deal Threshold
>15% gross margin
Deal Status
Qualified Hot Deal
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