Bid Check with my reno → — your rehab, stressed Bid $
Street locked · 49507 | $247,000 Flip Analysis — FlipScout
Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5
Ask
$247,000
$299/sqft
Bid $
$149,463
Max bid / MAO
Room
~$97,537 over max bid · 39% of ask
vs max bid
Verdict
WALK
Pass at list
Rehab
$83,015
$101/sqft
ARV
$126,682

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 $ $149,463 · Ask $247,000

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 sqft825 sqft
ARV$126,682
List− $247,000
Rehab− $83,015
Gross profit$-203,333

Contextual market baseline

Sold comps for neighborhood context — not the ARV formula · 3 sales · last 6 mo · zip 49507

Street locked · 49507 · SINGLE_FAMILY $132,500 · 810 sqft
Street locked · 49507 · SINGLE_FAMILY $237,000 · 914 sqft
Street locked · 49507 · SINGLE_FAMILY $200,500 · 1122 sqft

Net pro forma

Includes closing costs & 3.15-month carry

Buy closing (2%)$4,940
Holding carry$9,529
All-in capital$344,484
Sell costs (6%)− $7,601
Net proceeds$119,081
Net profit $-65,965
Photo triage & rehab band

Condition triage

Library estimate

No contractor assessment on file for this listing.

ML baseline rehab: $83,015

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: $83,015
Kitchen — Full Replacement $48,000
Bathroom — Full Renovation $18,000
Interior Paint (825 sqft × $3.00) $2,475
Flooring — Hardwood Refinish (825 sqft × $4.50) $3,712
Contingency (15%) $10,828

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
825
Zip
49507

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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Same zip or nearby price band — Bid/Pass Tape rows

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Grand Rapids, MI 49507

Ask$230,000
Bid $$130,606
Room~$99,394 over max bid · 43% of ask
WALK Street locked · 49507

Street locked · 49507

Grand Rapids, MI 49507

Ask$309,900
Bid $$205,281
Room~$104,619 over max bid · 34% of ask
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