Bid Check with my reno → — your rehab, stressed Bid $
Street locked · 28655 | $204,900 Flip Analysis — FlipScout
Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5
Ask
$204,900
$269/sqft
Bid $
$110,648
Max bid / MAO
Room
~$94,252 over max bid · 46% of ask
vs max bid
Verdict
WALK
Pass at list
Rehab
$82,472
$108/sqft
ARV
$110,287

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 $ $110,648 · Ask $204,900

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.

Go Pro $15/mo MAO calculator
Flip math

Value-add ARV

ARV = adjusted list + (rehab × 1.5) · zip avm

Implied ARV $/sqft
Subject sqft762 sqft
ARV$110,287
List− $204,900
Rehab− $82,472
Gross profit$-177,085

Contextual market baseline

Sold comps for neighborhood context — not the ARV formula · 3 sales · last 6 mo · zip 28655

Street locked · 28655 · SINGLE_FAMILY $150,000 · 840 sqft
Street locked · 28655 · SINGLE_FAMILY $175,000 · 948 sqft
Street locked · 28655 · SINGLE_FAMILY $215,000 · 1009 sqft

Net pro forma

Includes closing costs & 3.33-month carry

Buy closing (2%)$4,098
Holding carry$8,772
All-in capital$300,242
Sell costs (6%)− $6,617
Net proceeds$103,670
Net profit $-68,709
Photo triage & rehab band

Condition triage

Library estimate

No contractor assessment on file for this listing.

ML baseline rehab: $82,472

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: $82,472
Kitchen — Full Replacement $48,000
Bathroom — Full Renovation $18,000
Interior Paint (762 sqft × $3.00) $2,286
Flooring — Hardwood Refinish (762 sqft × $4.50) $3,429
Contingency (15%) $10,757

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
1.0
Sqft
762
Zip
28655

Assigns Condition Tier 1–4 from listing photos (gut / heavy / cosmetic / turnkey). Rehab $ comes from historical tier bands — not photo guessing. Usually ~30–90s.

Similar flips

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

WALK Street locked · 28655

Street locked · 28655

Morganton, NC 28655

Ask$439,900
Bid $$322,071
Room~$117,829 over max bid · 27% of ask
WALK Street locked · 28655

Street locked · 28655

Morganton, NC 28655

Ask$350,000
Bid $$239,978
Room~$110,022 over max bid · 31% of ask
WALK Street locked · 28655

Street locked · 28655

Morganton, NC 28655

Ask$269,900
Bid $$167,592
Room~$102,308 over max bid · 38% of ask
WALK Street locked · 28655

Street locked · 28655

Morganton, NC 28655

Ask$350,000
Bid $$232,680
Room~$117,320 over max bid · 34% of ask
WALK Street locked · 28655

Street locked · 28655

Morganton, NC 28655

Ask$289,000
Bid $$182,907
Room~$106,093 over max bid · 37% of ask
← Bid/Pass Tape