Having an accurate after repair value (ARV) estimate is important to correctly calculate long-term returns for rental properties and profit for flips & rehab projects.
DealCheck makes it easy to view recent sales comps for each property, their average sale price, as well as the estimated ARV of the property you're analyzing based on its living area.
Step 1: Open the Sales Comps & ARV Page for a Property
Go to one of your properties and click the Sales Comps & ARV link from the menu on the left side:
Step 2: View Recent Comparable Sales
You'll see a list and a map of up to 20 recent sales comps, including their address, description, distance and sale information:
Please note that you're limited to viewing 5 comps with our free plan. Upgrade to DealCheck Plus or Pro to view the full list.
Step 3: View Sale Statistics & ARV Estimates
In addition to a list of comps, you'll see their average sale price, an automated valuation estimate of the subject property, and the estimated ARV of the subject property based on its living area and the average price per square foot of its comps:
Tip: You can update the current ARV of the property right on this page, based on the estimates available to you.
With the DealCheck Pro upgrade, you can select which comps are included in the above calculations by checking or unchecking their checkmark:
Step 4: Add Sales Comps to Your Property Reports
You can include a page with the recent comparable sales and ARV estimates when you create a PDF report for each property.
To enable this, turn on the Include Sales Comps toggle under Report Sections:
The next time you generate a PDF report for that property, you'll see sales comps added on a separate page: