Bid Check with my reno → — your rehab, stressed Bid $
Street locked · 28203 | $515,000 Flip Analysis — FlipScout
Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5
Ask
$515,000
$457/sqft
Bid $
$397,385
Max bid / MAO
Room
~$117,615 over max bid · 23% of ask
vs max bid
Verdict
WALK
Pass at list
Rehab
$85,621
$76/sqft
ARV
$469,494

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 $ $397,385 · Ask $515,000

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.

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Flip math

Value-add ARV

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

Implied ARV $/sqft
Subject sqft1127 sqft
ARV$469,494
List− $515,000
Rehab− $85,621
Gross profit$-131,127

Contextual market baseline

Sold comps for neighborhood context — not the ARV formula · 3 sales · last 6 mo · zip 28203

Street locked · 28203 · CONDOS $525,000 · 1127 sqft
Street locked · 28203 · CONDOS $468,000 · 1112 sqft
Street locked · 28203 · CONDOS $470,000 · 1108 sqft

Net pro forma

Includes closing costs & 4.16-month carry

Buy closing (2%)$10,300
Holding carry$22,904
All-in capital$633,825
Sell costs (6%)− $28,170
Net proceeds$441,324
Net profit $-47,622
Photo triage & rehab band

Condition triage

Library estimate

No contractor assessment on file for this listing.

ML baseline rehab: $85,621

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: $85,621
Kitchen — Full Replacement $48,000
Bathroom — Full Renovation $18,000
Interior Paint (1,127 sqft × $3.00) $3,381
Flooring — Hardwood Refinish (1,127 sqft × $4.50) $5,072
Contingency (15%) $11,168

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
3.0
Sqft
1127
Zip
28203

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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