Bid Check with my reno → — your rehab, stressed Bid $
Street locked · 98402 | $479,900 Flip Analysis — FlipScout
Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5
Ask
$479,900
$451/sqft
Bid $
$365,113
Max bid / MAO
Room
~$114,787 over max bid · 24% of ask
vs max bid
Verdict
WALK
Pass at list
Rehab
$85,077
$80/sqft
ARV
$353,743

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 $ $365,113 · Ask $479,900

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 sqft1064 sqft
ARV$353,743
List− $479,900
Rehab− $85,077
Gross profit$-211,234

Contextual market baseline

Sold comps for neighborhood context — not the ARV formula · 3 sales · last 6 mo · zip 98402

Street locked · 98402 · CONDO $226,000 · 1064 sqft
Street locked · 98402 · CONDOS $430,000 · 1070 sqft
Street locked · 98402 · CONDOS $440,000 · 1040 sqft

Net pro forma

Includes closing costs & 2.57-month carry

Buy closing (2%)$9,598
Holding carry$13,310
All-in capital$587,885
Sell costs (6%)− $21,225
Net proceeds$332,518
Net profit $-49,816
Photo triage & rehab band

Condition triage

Library estimate

No contractor assessment on file for this listing.

ML baseline rehab: $85,077

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: $85,077
Kitchen — Full Replacement $48,000
Bathroom — Full Renovation $18,000
Interior Paint (1,064 sqft × $3.00) $3,192
Flooring — Hardwood Refinish (1,064 sqft × $4.50) $4,788
Contingency (15%) $11,097

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
1
Baths
1.0
Sqft
1064
Zip
98402

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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