How do you find ARV comps?

Use price per square foot to determine ARV.

of comps x your property’s sq. ft. = ARV. For example, if the average price per square foot is $100/sq.

What is the ARV of a property?

ARV, or after-repair value, is the estimated value of a property after completed renovations, not in its current condition. House flippers commonly use ARV as a way to gauge the worth of a fixer-upper property, including how much it can be bought, and then resold for after repairs.

What is the 70% rule?

The 70 percent rule states that an investor should pay 70 percent of the ARV of a property minus the repairs needed. The ARV is the after repaired value and is what a home is worth after it is fully repaired.

How do you calculate ARV without comps?

How do I estimate my repairs?

Here are the steps you should take: First, compile the total list of materials needed, and record a high and low price estimate for each. Once that’s done, add both columns of numbers to get the total cost for both high and low. Then add the two totals, and then divide by two to get the average cost.

What does 70 ARV mean?

after-repair value
Basically, it says that investors should pay no more than 70% of the after-repair value of a property minus the cost of the repairs necessary to renovate the home. What does this mean? The after-repair value, or ARV, of a property is the amount that a home could sell for after flippers renovate it.

How do I know if my ARV has a bigger pocket?

How is Youtube ARV calculated?

How do you calculate ARV on Propstream?