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 comps and characteristics.
How to View Sales Comps & ARV Estimates
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:
Note: you are limited to viewing 5 comps per property with our free plan. Upgrade to DealCheck Plus or Pro to view the full list of comps.
Step 3: View ARV Estimates & Sale Statistics
In addition to a list of comps, you'll see their average sale price, a property ARV estimated calculated by DealCheck, and the estimated ARV of the property based on its living area and the average price per square foot of its comps:
It is up to you which of the ARV estimates you use in your analysis, but here is what we generally recommend:
Use the DealCheck Estimate if you're looking for a quick, accurate estimate of the property's ARV given its characteristics, comps and current market conditions
Use the Estimated ARV Based on Average Price/Sq.Ft. if you've edited the list of sales comps or uploaded your own manually, since the DealCheck Estimate doesn't take that into account
Once you've picked an ARV estimate, you can update the saved ARV for this property using the Current ARV input field on the same page.
Step 4: View Additional Information for Each Comp
You can click on each comparable property and scroll down to the bottom of the popup to view additional information, details and photos of that property:
How to Add, Edit & Customize Sales Comps
With the DealCheck Pro upgrade, you can select which comps are included in the estimated ARV calculation, edit the information of comps imported automatically, as well as add comps manually.
Selecting Comps to Use in Calculations
You can control which comps are used for calculating the Estimated ARV Based on Average Price/Sq.Ft. figure at the top of the page by checking or unchecking the checkboxes next to them.
This is useful for fine-tuning the list of comps to include only those that most closely match the subject property:
Updating Comparable Information
If the details or sale price of any of the comps imported automatically are missing or are inaccurate, you can click on those comps and update any of their information yourself:
Adding Comps Manually
Finally, if you'd like to use your own comps that you have from other sources, you can click the Add button at the top of the comps list and enter their information manually.
Comps added manually will be included in the Estimated ARV Based on Average Price/Sq.Ft. calculation, just like comps that were imported automatically.
Adding Sales Comps to Your Property Reports
You can include a page with the recent comparable sales and ARV estimates when you create and export reports of each property.
To enable this, turn on the Include Sales Comps toggle in the report settings:
The next time you generate a report for that property, you'll see sales comps added on a separate page: