Is there a way I can look up estimates or ARV details on any property?
Solved
How do we submit a deal to find its ARV?
+1Best answer by David Scheuerman
Hi Patrick,
Investorlift isn’t a full comping tool, but it can provide helpful insights. The most accurate comps will come from properties recently sold on the market. However, you can also view off-market transactions like flips and rentals using God Mode.
Here’s how you can use it:
- Enter your property address in God Mode.
- Set a radius of 1 to 5 miles (depending on your market).
- Set Sale Date Range and ARV% (30-80%)
- Look at the average purchase and sale prices in the area. This will give you a general idea of what pricing would attract an investor.
Example:
For this property in Scottsdale, AZ, there were 55 flips in the past year (use the "Sale Date Range" filter and 35-80% ARV). On average:
- Purchase price: $767K or $341/sq ft
- Sale price: $1.232M or $542/sq ft
If my property is 1,800 sq ft, an investor might buy it for around $341 x 1,800 = $613,800.
Keep in mind, this isn’t a complete comping tool since it doesn’t account for property condition or repair costs. But it’s a great starting point!
Let me know if you have questions!
Best,
David Scheuerman
PLB INVESTMENTS LLC LIC#914956
+1Understand the Subject Property
- Gather information about the property you're analyzing, including:
- Size (square footage)
- Number of bedrooms and bathrooms
- Lot size
- Property type (single-family, multifamily, etc.)
- Condition before and after repairs
- Planned improvements/renovations (e.g., kitchen upgrade, flooring, etc.)
Select Comparable Properties (Comps)
- Find recently sold properties in the same neighborhood (within 1 mile or a similar market area) that are comparable in size, layout, and lot size after similar renovations.
- Comps should:
- Be sold within the last 3–6 months (or as recent as possible)
- Be within 20% of the subject property’s square footage
- Have similar bed/bath counts and features
- Represent updated/renovated homes
Adjust Comps for Variances
- If the comps differ slightly in size, condition, or other factors, make adjustments:
- Add value for features the subject property will have but the comp lacks (e.g., an extra bedroom, garage, or higher-quality finishes).
- Subtract value for features that the comp has, but the subject property will lack.
Example Adjustments:
- Add $10,000 for a fully upgraded kitchen
- Deduct $5,000 for missing a second bathroom
- Add/subtract based on market standards.
Calculate ARV
- Use the average price per square foot from the adjusted comps to calculate the ARV.
ARV=Average price per square foot of comps×Subject property square footage
Example:
- Subject property size: 1,800 sqft
- Adjusted comps’ price per square foot: $200
ARV = 1,800 \times 200 = 360,000 ]
+2Hi
Are you trying to find the ARV for his own property? Could you share more details about what you are trying to do, please?
+1
PLB INVESTMENTS LLC LIC#914956
+1Hi Patrick,
Investorlift isn’t a full comping tool, but it can provide helpful insights. The most accurate comps will come from properties recently sold on the market. However, you can also view off-market transactions like flips and rentals using God Mode.
Here’s how you can use it:
- Enter your property address in God Mode.
- Set a radius of 1 to 5 miles (depending on your market).
- Set Sale Date Range and ARV% (30-80%)
- Look at the average purchase and sale prices in the area. This will give you a general idea of what pricing would attract an investor.
Example:
For this property in Scottsdale, AZ, there were 55 flips in the past year (use the "Sale Date Range" filter and 35-80% ARV). On average:
- Purchase price: $767K or $341/sq ft
- Sale price: $1.232M or $542/sq ft
If my property is 1,800 sq ft, an investor might buy it for around $341 x 1,800 = $613,800.
Keep in mind, this isn’t a complete comping tool since it doesn’t account for property condition or repair costs. But it’s a great starting point!
Let me know if you have questions!
Best,
David Scheuerman
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