Bid Check with my reno → — your rehab, stressed Bid $
Street locked · 28202 | $549,900 Flip Analysis — FlipScout
Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5
Ask
$549,900
$365/sqft
Bid $
$426,782
Max bid / MAO
Room
~$123,118 over max bid · 22% of ask
vs max bid
Verdict
WALK
Pass at list
Rehab
$88,906
$59/sqft
ARV
$491,896

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 $ $426,782 · Ask $549,900

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.

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Flip math

Value-add ARV

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

Implied ARV $/sqft
Subject sqft1508 sqft
ARV$491,896
List− $549,900
Rehab− $88,906
Gross profit$-146,910

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 · CONDOS $420,000 · 1423 sqft
Street locked · 28202 · TOWNHOMES $490,000 · 1594 sqft

Net pro forma

Includes closing costs & 5.03-month carry

Buy closing (2%)$10,998
Holding carry$29,454
All-in capital$679,258
Sell costs (6%)− $29,514
Net proceeds$462,383
Net profit $-48,261
Photo triage & rehab band

Condition triage

Library estimate

No contractor assessment on file for this listing.

ML baseline rehab: $88,906

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: $88,906
Kitchen — Full Replacement $48,000
Bathroom — Full Renovation $18,000
Interior Paint (1,508 sqft × $3.00) $4,524
Flooring — Hardwood Refinish (1,508 sqft × $4.50) $6,786
Contingency (15%) $11,596

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
1508
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.

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