HOT DEAL ✓ Math verified AI Ollama Vision (llava)

2604 Riverside Ave

Houston, TX 77002

1 bd · 2.0 ba · 2,523 sqft

Property photo 1 Property photo 2
List Price
$131,500
$52/sqft
Renovation
$46,025
$18/sqft
ARV
$217,448
$86/sqft
Gross Profit
$39,923
30.4% margin
Net Profit*
$19,202
10.4% ROI
Condition
3/10
Gut rehab

ARV Build-Up

Core flip economics — formulas match FlipScout engine

List price (acquisition) $131,500
Renovation budget + $46,025
Renovation value-add (×1.5) + $69,038
Market premium (12.9% of list) + $16,911
After Repair Value (ARV) $217,448
ARV = List + (Reno × 1.5) + Market Premium
Gross Profit = ARV − List − Reno = $39,923

Net Pro Forma

*Includes closing costs & 4-month carry

All-in acquisition (list + 2% buy closing) $131,500 + $2,630
Hard costs (renovation) $46,025
Holding carry (4 mo) $5,044
Total capital deployed $185,199
ARV at disposition $217,448
Sell-side costs (6%) − $13,047
Net sale proceeds $204,401
Net profit $19,202
Net ROI on capital
10.4%
Net margin on ARV
8.8%

AI Vision Analysis

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

GutTurnkey

Contractor Assessment

Distressed sale with significant value-add potential for experienced flippers.

AI renovation estimate: $46,025

Investor Scope Checklist

  • Distressed sale with significant value-add potential for experienced flippers.
  • 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 $10,126
Bathrooms $8,284
Flooring $5,523
Roof / envelope $6,904
HVAC / electrical / plumbing $8,284
Contingency (10%) $6,904

Allocations sum to renovation budget · Adjust per inspection

Property Facts

Bedrooms
1
Bathrooms
2.0
Square Feet
2523 sqft
Zip / Market
77002
Hot Deal Threshold
>15% gross margin
Deal Status
Qualified Hot Deal
← Back to Deal Sheet Browse Library