Bid Check with my reno → — your rehab, stressed Bid $
Street locked · 28202 | $492,000 Flip Analysis — FlipScout
Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5
Ask
$492,000
$314/sqft
Bid $
$372,160
Max bid / MAO
Room
~$119,840 over max bid · 24% of ask
vs max bid
Verdict
WALK
Pass at list
Rehab
$89,424
$57/sqft
ARV
$515,323

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 $ $372,160 · Ask $492,000

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.

Go Pro $15/mo MAO calculator
Flip math

Value-add ARV

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

Implied ARV $/sqft
Subject sqft1568 sqft
ARV$515,323
List− $492,000
Rehab− $89,424
Gross profit$-66,101

Contextual market baseline

Sold comps for neighborhood context — not the ARV formula · 3 sales · last 6 mo · zip 28202

Street locked · 28202 · CONDOS $550,000 · 1590 sqft
Street locked · 28202 · TOWNHOMES $490,000 · 1594 sqft
Street locked · 28202 · CONDOS $520,000 · 1435 sqft

Net pro forma

Includes closing costs & 5.97-month carry

Buy closing (2%)$9,840
Holding carry$31,818
All-in capital$623,082
Sell costs (6%)− $30,919
Net proceeds$484,404
Net profit $-53,335
Photo triage & rehab band

Condition triage

Library estimate

No contractor assessment on file for this listing.

ML baseline rehab: $89,424

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: $89,424
Kitchen — Full Replacement $48,000
Bathroom — Full Renovation $18,000
Interior Paint (1,568 sqft × $3.00) $4,704
Flooring — Hardwood Refinish (1,568 sqft × $4.50) $7,056
Contingency (15%) $11,664

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
3
Baths
2.0
Sqft
1568
Zip
28202

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 · 28202

Street locked · 28202

Charlotte, NC 28202

Ask$360,000
Bid $$247,607
Room~$112,393 over max bid · 31% of ask
WALK Street locked · 28202

Street locked · 28202

Charlotte, NC 28202

Ask$355,000
Bid $$248,109
Room~$106,891 over max bid · 30% of ask
WALK Street locked · 28202

Street locked · 28202

Charlotte, NC 28202

Ask$554,000
Bid $$433,522
Room~$120,478 over max bid · 22% of ask
WALK Street locked · 28202

Street locked · 28202

Charlotte, NC 28202

Ask$499,000
Bid $$380,401
Room~$118,599 over max bid · 24% of ask
WALK Street locked · 28202

Street locked · 28202

Charlotte, NC 28202

Ask$358,000
Bid $$254,438
Room~$103,562 over max bid · 29% of ask
← Bid/Pass Tape