{"id":1399,"date":"2026-10-01T23:34:22","date_gmt":"2026-10-02T03:34:22","guid":{"rendered":"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/"},"modified":"2026-10-01T23:34:22","modified_gmt":"2026-10-02T03:34:22","slug":"how-to-find-arv","status":"publish","type":"post","link":"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/","title":{"rendered":"How to Find ARV: Comp Selection Guide for Flippers (2026)"},"content":{"rendered":"<p>Every profitable flip starts with one number: ARV. After Repair Value tells you exactly what a property should sell for once the renovation is done \u2014 and getting it wrong by even 8\u201310% can turn a $30,000 profit into a $5,000 loss. I learned this the hard way on my third deal in 2019 when I overestimated ARV by $22,000 on a ranch in Parma, Ohio, and barely broke even after holding costs ate my margin. Since then, I have closed 17 flips across Ohio, Georgia, and Tennessee, and every single deal starts with the same process: finding the right comps. This guide walks you through exactly <strong>how to find ARV<\/strong> \u2014 from selecting comparable sales to adjusting them and getting a final number you can trust. Once you know how to find ARV with the right comps, plug them into the <a href=\"\/arv-calculator\">ARV calculator<\/a> and run the math in under two minutes.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#What_Makes_a_Good_ARV_Comp\" >What Makes a Good ARV Comp<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#The_1-Mile_6-Month_200-Sqft_Rule\" >The 1-Mile, 6-Month, 200-Sqft Rule<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Where_to_Find_Comps_MLS_Zillow_Redfin_County_Records\" >Where to Find Comps: MLS, Zillow, Redfin, County Records<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#1_MLS_via_Agent_or_PropStream\" >1. MLS (via Agent or PropStream)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#2_Redfin\" >2. Redfin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#3_Zillow\" >3. Zillow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#4_County_Assessor_Public_Records\" >4. County Assessor \/ Public Records<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Worked_Example_1_%E2%80%94_Finding_ARV_for_a_Cleveland_Ranch_Flip\" >Worked Example #1 \u2014 Finding ARV for a Cleveland Ranch Flip<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Step_1_Search_for_Comps\" >Step 1: Search for Comps<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Step_2_Analyze_and_Adjust\" >Step 2: Analyze and Adjust<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Step_3_Make_Adjustments\" >Step 3: Make Adjustments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Step_4_Calculate_ARV\" >Step 4: Calculate ARV<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Worked_Example_2_%E2%80%94_Adjusting_Comps_for_an_Atlanta_Bungalow\" >Worked Example #2 \u2014 Adjusting Comps for an Atlanta Bungalow<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Comp_Search_Results_Redfin_MLS\" >Comp Search Results (Redfin + MLS)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Adjustments\" >Adjustments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Final_ARV_Calculation\" >Final ARV Calculation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#How_to_Adjust_Comps_Price_Per_Sqft_BedBath_Garage_Condition\" >How to Adjust Comps: Price Per Sqft, Bed\/Bath, Garage, Condition<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Price-Per-Square-Foot_Adjustment\" >Price-Per-Square-Foot Adjustment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Bedroom_and_Bathroom_Adjustments\" >Bedroom and Bathroom Adjustments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Garage_Adjustment\" >Garage Adjustment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Condition_Renovation_Level\" >Condition \/ Renovation Level<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#ARV_Mistakes_That_Cost_Flippers_20000\" >ARV Mistakes That Cost Flippers $20,000+<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Mistake_1_Using_Listing_Prices_Instead_of_Sold_Prices\" >Mistake #1: Using Listing Prices Instead of Sold Prices<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Mistake_2_Cherry-Picking_the_Highest_Comp\" >Mistake #2: Cherry-Picking the Highest Comp<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Mistake_3_Ignoring_Market_Direction\" >Mistake #3: Ignoring Market Direction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Mistake_4_Comparing_Unrenovated_to_Renovated_Sales\" >Mistake #4: Comparing Unrenovated to Renovated Sales<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Mistake_5_Crossing_Neighborhood_Boundaries\" >Mistake #5: Crossing Neighborhood Boundaries<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Mistake_6_Not_Accounting_for_Lot_Size_Differences\" >Mistake #6: Not Accounting for Lot Size Differences<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#When_to_Trust_Your_ARV_and_When_to_Walk_Away\" >When to Trust Your ARV (and When to Walk Away)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Trust_Your_ARV_When\" >Trust Your ARV When:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Walk_Away_or_Reduce_Your_Offer_When\" >Walk Away (or Reduce Your Offer) When:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#How_to_Find_ARV_Frequently_Asked_Questions\" >How to Find ARV: Frequently Asked Questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-33\" href=\"https:\/\/arvcalc.com\/blog\/how-to-find-arv\/#Related_Calculators_and_Guides\" >Related Calculators and Guides<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Makes_a_Good_ARV_Comp\"><\/span>What Makes a Good ARV Comp<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Knowing how to find ARV starts with choosing the right comps. Not every recent sale qualifies as a comparable. I have seen new flippers pull the highest sale in a 5-mile radius and call it a &#8220;comp&#8221; \u2014 that is not how this works. A good ARV comp is a recently sold property that represents what <strong>your property will look like after rehab<\/strong>. The comp should mirror your subject in size, style, location, and condition.<\/p>\n<figure class=\"wp-block-image size-large\">\n<img decoding=\"async\" src=\"https:\/\/arvcalc.com\/blog\/wp-content\/uploads\/2026\/10\/how-to-find-arv-comp-selection-guide-flippers-2026-1024x576.png\" alt=\"How to find ARV by selecting comps within 1 mile radius 6 months and 200 sqft range\" width=\"1024\" height=\"576\" class=\"wp-image-1398\" loading=\"lazy\" srcset=\"https:\/\/arvcalc.com\/blog\/wp-content\/uploads\/2026\/10\/how-to-find-arv-comp-selection-guide-flippers-2026-1024x576.png 1024w, https:\/\/arvcalc.com\/blog\/wp-content\/uploads\/2026\/10\/how-to-find-arv-comp-selection-guide-flippers-2026-300x169.png 300w, https:\/\/arvcalc.com\/blog\/wp-content\/uploads\/2026\/10\/how-to-find-arv-comp-selection-guide-flippers-2026-768x432.png 768w, https:\/\/arvcalc.com\/blog\/wp-content\/uploads\/2026\/10\/how-to-find-arv-comp-selection-guide-flippers-2026-1536x864.png 1536w, https:\/\/arvcalc.com\/blog\/wp-content\/uploads\/2026\/10\/how-to-find-arv-comp-selection-guide-flippers-2026.png 1672w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Finding ARV: select comps within 1 mile, 6 months, and 200 sqft of your subject property<\/figcaption><\/figure>\n<p>If you want to learn how to find ARV accurately, here is what separates a strong comp from a weak one:<\/p>\n<figure class=\"wp-block-table\">\n<table>\n<thead>\n<tr>\n<th>Criteria<\/th>\n<th>Strong Comp<\/th>\n<th>Weak Comp<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>Distance<\/strong><\/td>\n<td>Within 0.5\u20131 mile of subject<\/td>\n<td>Over 2 miles away, different neighborhood<\/td>\n<\/tr>\n<tr>\n<td><strong>Recency<\/strong><\/td>\n<td>Sold in the last 3\u20136 months<\/td>\n<td>Sold 9+ months ago<\/td>\n<\/tr>\n<tr>\n<td><strong>Size<\/strong><\/td>\n<td>Within 200 sqft of subject<\/td>\n<td>500+ sqft difference<\/td>\n<\/tr>\n<tr>\n<td><strong>Property type<\/strong><\/td>\n<td>Same type (SFR to SFR)<\/td>\n<td>Different type (condo vs SFR)<\/td>\n<\/tr>\n<tr>\n<td><strong>Condition<\/strong><\/td>\n<td>Renovated \u2014 matching your post-rehab quality<\/td>\n<td>Distressed or unrenovated sale<\/td>\n<\/tr>\n<tr>\n<td><strong>Bed\/bath<\/strong><\/td>\n<td>Within \u00b11 bed and \u00b11 bath<\/td>\n<td>2+ bed\/bath difference<\/td>\n<\/tr>\n<tr>\n<td><strong>Sale type<\/strong><\/td>\n<td>Arm&#8217;s-length transaction<\/td>\n<td>Foreclosure, short sale, or family transfer<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p>Appraisers use a nearly identical checklist. The Federal Housing Administration (FHA) requires appraisals to use comps within 1 mile and 12 months, but flippers should hold themselves to a tighter standard: <strong>1 mile, 6 months, 200 sqft<\/strong>. If you cannot find 3 comps within those limits, gradually widen \u2014 first expand the time window to 9 months, then the radius to 1.5 miles. Never expand everything at once.<\/p>\n<p>A strong comp set usually has 3\u20135 sales. Fewer than 3 gives you no statistical confidence; more than 5 starts diluting the signal with noise. Find your best 3, confirm with a 4th if possible, and move on. You can always run the numbers through the <a href=\"\/arv-calculator\">ARV calculator<\/a> to see how sensitive the estimate is to each comp.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_1-Mile_6-Month_200-Sqft_Rule\"><\/span>The 1-Mile, 6-Month, 200-Sqft Rule<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This rule is the backbone of every ARV estimate I run. It is simple, and it works:<\/p>\n<ul>\n<li><strong>1 mile maximum radius<\/strong> \u2014 properties in the same school zone, same neighborhood character, same buyer pool. Cross a highway or a school district line and values can shift 10\u201315%. According to <a href=\"https:\/\/www.zillow.com\/research\/\" target=\"_blank\" rel=\"noopener noreferrer\">Zillow Research<\/a>, median home values can vary by more than $50,000 between adjacent ZIP codes in the same metro area.<\/li>\n<li><strong>6 months maximum age<\/strong> \u2014 real estate markets shift. A comp from 9 months ago might reflect a different rate environment, different buyer demand, or a seasonal swing. In 2025\u20132026, with mortgage rates bouncing between 6.2% and 7.1%, even a 3-month difference in sale date can mean a 2\u20133% price gap.<\/li>\n<li><strong>200 sqft maximum size difference<\/strong> \u2014 price per square foot is not linear. A 1,200 sqft home and a 1,800 sqft home attract different buyers and hit different price points. Keep comps within 200 sqft of your subject&#8217;s post-rehab size (including any additions you plan).<\/li>\n<\/ul>\n<p>I think of these three limits as concentric filters. Start tight. If the local MLS returns 4\u20135 renovated sales within 0.5 miles and 3 months? You are golden. If you get zero results, loosen one filter at a time. Here is the order I follow:<\/p>\n<ol>\n<li>Expand time to 9 months (keep distance and size tight)<\/li>\n<li>Expand radius to 1.5 miles (keep time at 9 months, size tight)<\/li>\n<li>Expand sqft to 300 (last resort \u2014 apply a price-per-sqft adjustment)<\/li>\n<\/ol>\n<p>If you still cannot find 3 comps after loosening all three, that is a warning sign. Either the neighborhood has very low turnover (common in rural areas) or your property is truly unique. Both scenarios increase risk. For a deeper look at how ARV drives your offer price, check the <a href=\"\/blog\/70-rule-calculator-guide\/\">70% rule guide<\/a>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Where_to_Find_Comps_MLS_Zillow_Redfin_County_Records\"><\/span>Where to Find Comps: MLS, Zillow, Redfin, County Records<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You do not need MLS access to find good comps \u2014 though it helps. Here are the four sources I use on every deal, ranked by reliability:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_MLS_via_Agent_or_PropStream\"><\/span>1. MLS (via Agent or PropStream)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The MLS is the gold standard. It gives you sold prices, days on market, listing photos (so you can judge condition), and agent remarks. If you have a licensed agent on your team, ask them to pull a CMA (Comparative Market Analysis) for the subject property. If you do not have an agent, tools like PropStream and Privy pull MLS data for a monthly subscription.<\/p>\n<p><strong>Pro tip:<\/strong> Always look at the MLS photos of sold comps. A listing that says &#8220;updated kitchen&#8221; might mean new countertops and hardware, or it might mean a full gut reno with custom cabinets. Photos tell you the actual renovation level \u2014 and that matters for condition adjustments.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Redfin\"><\/span>2. Redfin<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Redfin shows sold data for free, including sale price, sqft, lot size, and \u2014 in many markets \u2014 interior photos from the original listing. Use the &#8220;Sold&#8221; filter, set your date range, and draw a polygon around your target neighborhood. <a href=\"https:\/\/www.redfin.com\/news\/data-center\/\" target=\"_blank\" rel=\"noopener noreferrer\">Redfin&#8217;s Data Center<\/a> also publishes monthly median sale prices by metro, which helps you gauge whether the market is trending up or down.<\/p>\n<p><strong>Workflow:<\/strong> Go to Redfin \u2192 search your property address \u2192 click &#8220;Nearby Sales&#8221; \u2192 filter to 6 months, similar sqft range \u2192 sort by distance. Screenshot each comp and save the listing URL.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Zillow\"><\/span>3. Zillow<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Zillow&#8217;s Zestimate is not an ARV \u2014 do not use it as one. But Zillow&#8217;s &#8220;Recently Sold&#8221; filter is excellent for finding comps. Filter by &#8220;Sold&#8221; status, set the date range, and look for renovated properties. Zillow also shows the price history, which helps you spot flips (bought low, sold high within 6\u201312 months). Those are your best comps \u2014 they show what a renovated version of a similar property actually sold for.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_County_Assessor_Public_Records\"><\/span>4. County Assessor \/ Public Records<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Every county assessor&#8217;s office maintains public records of property transfers. Some counties (Cuyahoga in Ohio, Fulton in Georgia, Davidson in Tennessee) have excellent online portals where you can search by address and see sale prices, deed transfers, and tax assessments. County records are especially useful for verifying that a sale was arm&#8217;s-length \u2014 not a foreclosure, family transfer, or bank-owned sale that would skew your ARV.<\/p>\n<p>I typically cross-reference at least two sources. If Redfin says a comp sold for $245,000 and the county records confirm $245,000, I am confident. If the numbers do not match, I dig deeper. For step-by-step instructions on finding ARV by property address, see the <a href=\"\/blog\/arv-calculator-by-address\/\">ARV by address guide<\/a>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Worked_Example_1_%E2%80%94_Finding_ARV_for_a_Cleveland_Ranch_Flip\"><\/span>Worked Example #1 \u2014 Finding ARV for a Cleveland Ranch Flip<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Let me walk through a real-world comp search, start to finish.<\/p>\n<p><strong>Subject property:<\/strong> 3-bed\/1.5-bath ranch, 1,280 sqft, built 1962<br \/>\n<strong>Location:<\/strong> West Park neighborhood, Cleveland, OH (44111)<br \/>\n<strong>Condition:<\/strong> Needs full kitchen remodel, bath update, new flooring, paint, roof repair<br \/>\n<strong>Post-rehab plan:<\/strong> Updated kitchen with granite counters, refinished hardwood floors, new bathroom tile, painted exterior<br \/>\n<strong>Estimated rehab:<\/strong> $38,000 (see the <a href=\"\/blog\/cost-to-rehab-a-house\/\">rehab cost guide<\/a> for line-item breakdowns)<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Step_1_Search_for_Comps\"><\/span>Step 1: Search for Comps<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>On Redfin, I search &#8220;West Park, Cleveland, OH&#8221; \u2192 filter: Sold in last 6 months, 1,000\u20131,500 sqft, 3+ beds, single-family. I get 11 results within 1 mile. I eliminate:<\/p>\n<ul>\n<li>2 foreclosures (not arm&#8217;s-length)<\/li>\n<li>1 sale at $89,000 (unrenovated \u2014 pre-flip condition, not a valid ARV comp)<\/li>\n<li>3 sales over 1,500 sqft (too large)<\/li>\n<li>2 sales with no interior photos (cannot verify condition)<\/li>\n<\/ul>\n<p>That leaves me 3 strong comps:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Step_2_Analyze_and_Adjust\"><\/span>Step 2: Analyze and Adjust<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<figure class=\"wp-block-table\">\n<table>\n<thead>\n<tr>\n<th>Detail<\/th>\n<th>Comp A \u2014 Triskett Rd<\/th>\n<th>Comp B \u2014 Maplewood Ave<\/th>\n<th>Comp C \u2014 Brookpark Rd<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>Sale price<\/strong><\/td>\n<td>$192,000<\/td>\n<td>$201,000<\/td>\n<td>$185,000<\/td>\n<\/tr>\n<tr>\n<td><strong>Sale date<\/strong><\/td>\n<td>Apr 2026<\/td>\n<td>May 2026<\/td>\n<td>Feb 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Sqft<\/strong><\/td>\n<td>1,310<\/td>\n<td>1,400<\/td>\n<td>1,220<\/td>\n<\/tr>\n<tr>\n<td><strong>Bed\/bath<\/strong><\/td>\n<td>3\/1.5<\/td>\n<td>3\/2<\/td>\n<td>3\/1<\/td>\n<\/tr>\n<tr>\n<td><strong>Condition<\/strong><\/td>\n<td>Renovated \u2014 similar to plan<\/td>\n<td>Renovated \u2014 premium finishes<\/td>\n<td>Renovated \u2014 basic update<\/td>\n<\/tr>\n<tr>\n<td><strong>Distance<\/strong><\/td>\n<td>0.4 miles<\/td>\n<td>0.7 miles<\/td>\n<td>0.6 miles<\/td>\n<\/tr>\n<tr>\n<td><strong>Garage<\/strong><\/td>\n<td>1-car detached (same)<\/td>\n<td>2-car detached<\/td>\n<td>No garage<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<h3><span class=\"ez-toc-section\" id=\"Step_3_Make_Adjustments\"><\/span>Step 3: Make Adjustments<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Comp A \u2014 Triskett Rd ($192,000):<\/strong><\/p>\n<ul>\n<li>Sqft: 1,310 vs 1,280 = comp is 30 sqft larger \u2192 subtract $50\/sqft \u00d7 30 = <strong>\u2212$1,500<\/strong><\/li>\n<li>Bed\/bath: identical (3\/1.5) \u2192 <strong>$0<\/strong><\/li>\n<li>Condition: similar renovation level \u2192 <strong>$0<\/strong><\/li>\n<li>Garage: same (1-car detached) \u2192 <strong>$0<\/strong><\/li>\n<li><strong>Adjusted: $192,000 \u2212 $1,500 = $190,500<\/strong><\/li>\n<\/ul>\n<p><strong>Comp B \u2014 Maplewood Ave ($201,000):<\/strong><\/p>\n<ul>\n<li>Sqft: 1,400 vs 1,280 = comp is 120 sqft larger \u2192 subtract $50\/sqft \u00d7 120 = <strong>\u2212$6,000<\/strong><\/li>\n<li>Bed\/bath: comp has full 2nd bath vs half bath \u2192 subtract <strong>\u2212$4,000<\/strong><\/li>\n<li>Condition: premium finishes vs standard \u2192 subtract <strong>\u2212$5,000<\/strong><\/li>\n<li>Garage: 2-car vs 1-car \u2192 subtract <strong>\u2212$6,000<\/strong><\/li>\n<li><strong>Adjusted: $201,000 \u2212 $6,000 \u2212 $4,000 \u2212 $5,000 \u2212 $6,000 = $180,000<\/strong><\/li>\n<\/ul>\n<p><strong>Comp C \u2014 Brookpark Rd ($185,000):<\/strong><\/p>\n<ul>\n<li>Sqft: 1,220 vs 1,280 = comp is 60 sqft smaller \u2192 add $50\/sqft \u00d7 60 = <strong>+$3,000<\/strong><\/li>\n<li>Bed\/bath: comp has 3\/1 vs 3\/1.5 = missing half bath \u2192 add <strong>+$2,500<\/strong><\/li>\n<li>Condition: basic update vs standard reno \u2192 add <strong>+$3,000<\/strong><\/li>\n<li>Garage: no garage vs 1-car detached \u2192 add <strong>+$8,000<\/strong><\/li>\n<li><strong>Adjusted: $185,000 + $3,000 + $2,500 + $3,000 + $8,000 = $201,500<\/strong><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Step_4_Calculate_ARV\"><\/span>Step 4: Calculate ARV<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<pre><code>Adjusted comps: $190,500 + $180,000 + $201,500 = $572,000\nARV = $572,000 \u00f7 3 = $190,667\nRounded: ARV = $190,000 (conservative)<\/code><\/pre>\n<p>With an ARV of $190,000 and rehab at $38,000, the <a href=\"\/70-percent-rule-calculator\">70% rule calculator<\/a> gives me a max offer of $190,000 \u00d7 0.70 \u2212 $38,000 = <strong>$95,000<\/strong>. That is the ceiling. If the seller wants $110,000, I walk away \u2014 the numbers do not work. Run your own comps through the <a href=\"\/arv-calculator\">ARV calculator<\/a> to see exactly where the math lands.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Worked_Example_2_%E2%80%94_Adjusting_Comps_for_an_Atlanta_Bungalow\"><\/span>Worked Example #2 \u2014 Adjusting Comps for an Atlanta Bungalow<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Different market, different property type, same process.<\/p>\n<p><strong>Subject property:<\/strong> 4-bed\/2-bath Craftsman bungalow, 1,650 sqft, built 1948<br \/>\n<strong>Location:<\/strong> East Lake neighborhood, Atlanta, GA (30317)<br \/>\n<strong>Condition:<\/strong> Needs full gut rehab \u2014 new HVAC, electrical, plumbing, kitchen, baths, roof<br \/>\n<strong>Post-rehab plan:<\/strong> Open-concept living, white shaker kitchen, quartz counters, new master bath, refinished original hardwood, new deck<br \/>\n<strong>Estimated rehab:<\/strong> $72,000<br \/>\n<strong>Purchase price:<\/strong> $195,000<\/p>\n<p>East Lake has been one of Atlanta&#8217;s hottest flip markets. According to <a href=\"https:\/\/www.redfin.com\/news\/data-center\/\" target=\"_blank\" rel=\"noopener noreferrer\">Redfin&#8217;s Data Center<\/a>, the 30317 ZIP code saw a 6.2% year-over-year price increase through Q2 2026. That matters for time adjustments \u2014 a comp from 6 months ago might undervalue today&#8217;s market.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Comp_Search_Results_Redfin_MLS\"><\/span>Comp Search Results (Redfin + MLS)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<figure class=\"wp-block-table\">\n<table>\n<thead>\n<tr>\n<th>Detail<\/th>\n<th>Comp 1 \u2014 Oakview Rd<\/th>\n<th>Comp 2 \u2014 2nd Ave<\/th>\n<th>Comp 3 \u2014 Memorial Dr<\/th>\n<th>Comp 4 \u2014 Hosea Williams Dr<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>Sale price<\/strong><\/td>\n<td>$365,000<\/td>\n<td>$348,000<\/td>\n<td>$372,000<\/td>\n<td>$340,000<\/td>\n<\/tr>\n<tr>\n<td><strong>Sale date<\/strong><\/td>\n<td>Jun 2026<\/td>\n<td>Aug 2026<\/td>\n<td>May 2026<\/td>\n<td>Jul 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Sqft<\/strong><\/td>\n<td>1,700<\/td>\n<td>1,580<\/td>\n<td>1,800<\/td>\n<td>1,600<\/td>\n<\/tr>\n<tr>\n<td><strong>Bed\/bath<\/strong><\/td>\n<td>4\/2<\/td>\n<td>3\/2<\/td>\n<td>4\/2.5<\/td>\n<td>3\/2<\/td>\n<\/tr>\n<tr>\n<td><strong>Year built<\/strong><\/td>\n<td>1952<\/td>\n<td>1945<\/td>\n<td>1955<\/td>\n<td>1940<\/td>\n<\/tr>\n<tr>\n<td><strong>Condition<\/strong><\/td>\n<td>Fully renovated<\/td>\n<td>Fully renovated<\/td>\n<td>Fully renovated, premium<\/td>\n<td>Renovated, standard<\/td>\n<\/tr>\n<tr>\n<td><strong>Distance<\/strong><\/td>\n<td>0.3 miles<\/td>\n<td>0.5 miles<\/td>\n<td>0.8 miles<\/td>\n<td>0.4 miles<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<h3><span class=\"ez-toc-section\" id=\"Adjustments\"><\/span>Adjustments<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Comp 1 \u2014 Oakview Rd ($365,000):<\/strong><\/p>\n<ul>\n<li>Sqft: 1,700 vs 1,650 = 50 sqft larger \u2192 <strong>\u2212$4,000<\/strong> ($80\/sqft, Atlanta market)<\/li>\n<li>Bed\/bath: identical \u2192 <strong>$0<\/strong><\/li>\n<li>Condition: similar renovation scope \u2192 <strong>$0<\/strong><\/li>\n<li><strong>Adjusted: $361,000<\/strong><\/li>\n<\/ul>\n<p><strong>Comp 2 \u2014 2nd Ave ($348,000):<\/strong><\/p>\n<ul>\n<li>Sqft: 1,580 vs 1,650 = 70 sqft smaller \u2192 <strong>+$5,600<\/strong><\/li>\n<li>Bed\/bath: 3\/2 vs 4\/2 = missing bedroom \u2192 <strong>+$12,000<\/strong><\/li>\n<li>Condition: similar \u2192 <strong>$0<\/strong><\/li>\n<li><strong>Adjusted: $365,600<\/strong><\/li>\n<\/ul>\n<p><strong>Comp 3 \u2014 Memorial Dr ($372,000):<\/strong><\/p>\n<ul>\n<li>Sqft: 1,800 vs 1,650 = 150 sqft larger \u2192 <strong>\u2212$12,000<\/strong><\/li>\n<li>Bed\/bath: 4\/2.5 vs 4\/2 = extra half bath \u2192 <strong>\u2212$3,500<\/strong><\/li>\n<li>Condition: premium finishes (marble, custom tile) \u2192 <strong>\u2212$8,000<\/strong><\/li>\n<li><strong>Adjusted: $348,500<\/strong><\/li>\n<\/ul>\n<p><strong>Comp 4 \u2014 Hosea Williams Dr ($340,000):<\/strong><\/p>\n<ul>\n<li>Sqft: 1,600 vs 1,650 = 50 sqft smaller \u2192 <strong>+$4,000<\/strong><\/li>\n<li>Bed\/bath: 3\/2 vs 4\/2 = missing bedroom \u2192 <strong>+$12,000<\/strong><\/li>\n<li>Condition: standard reno (builder-grade) vs mid-range plan \u2192 <strong>+$4,000<\/strong><\/li>\n<li><strong>Adjusted: $360,000<\/strong><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Final_ARV_Calculation\"><\/span>Final ARV Calculation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<pre><code>Adjusted comps: $361,000 + $365,600 + $348,500 + $360,000 = $1,435,100\nARV = $1,435,100 \u00f7 4 = $358,775\nRounded: ARV = $358,000 (conservative)<\/code><\/pre>\n<p>With ARV at $358,000, purchase at $195,000, and rehab at $72,000, let me check profitability using the <a href=\"\/fix-and-flip-calculator\">fix and flip calculator<\/a>:<\/p>\n<pre><code>Gross profit = $358,000 \u2212 $195,000 \u2212 $72,000 = $91,000\nSelling costs (8%): $28,640\nHolding costs (5 months \u00d7 $1,800\/mo): $9,000\nNet profit = $91,000 \u2212 $28,640 \u2212 $9,000 = $53,360\nROI = $53,360 \u00f7 ($195,000 + $72,000) = 20.0%<\/code><\/pre>\n<p>That is a solid deal. But notice how much hinges on the ARV being accurate. If the real ARV turns out to be $330,000 instead of $358,000, the net profit drops to $25,360 \u2014 still acceptable, but barely. Always run a downside scenario at 5\u20138% below your estimated ARV. For a full walkthrough of flip profitability math, read the <a href=\"\/blog\/fix-and-flip-guide\/\">fix and flip guide<\/a>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Adjust_Comps_Price_Per_Sqft_BedBath_Garage_Condition\"><\/span>How to Adjust Comps: Price Per Sqft, Bed\/Bath, Garage, Condition<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Adjustments are the skill that separates experienced flippers from amateurs. The idea is straightforward: you adjust the <strong>comp&#8217;s price<\/strong> so it reflects what that comp <em>would have<\/em> sold for if it were identical to your subject property. If the comp is better than your subject, subtract. If the comp is worse, add.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Price-Per-Square-Foot_Adjustment\"><\/span>Price-Per-Square-Foot Adjustment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The most common adjustment. Find the local price per sqft for renovated homes (Redfin and Zillow both show this in market stats), then multiply by the sqft difference.<\/p>\n<ul>\n<li><strong>Budget markets<\/strong> (Cleveland, Detroit, Memphis): $40\u2013$60\/sqft<\/li>\n<li><strong>Mid-range markets<\/strong> (Atlanta, Charlotte, Indianapolis): $70\u2013$100\/sqft<\/li>\n<li><strong>High-cost markets<\/strong> (Austin, Denver, Nashville): $120\u2013$180\/sqft<\/li>\n<\/ul>\n<p>Example: comp is 1,500 sqft, subject is 1,350 sqft, local rate is $75\/sqft. Comp is 150 sqft larger \u2192 subtract 150 \u00d7 $75 = $11,250 from comp price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Bedroom_and_Bathroom_Adjustments\"><\/span>Bedroom and Bathroom Adjustments<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bedrooms and bathrooms add value, but not equally:<\/p>\n<ul>\n<li><strong>Extra bedroom:<\/strong> $8,000\u2013$15,000 depending on market (higher in family neighborhoods)<\/li>\n<li><strong>Extra full bathroom:<\/strong> $5,000\u2013$10,000<\/li>\n<li><strong>Extra half bathroom:<\/strong> $2,500\u2013$5,000<\/li>\n<\/ul>\n<p>These numbers come from appraisal paired-sales analysis. The <a href=\"https:\/\/www.nar.realtor\/research-and-statistics\" target=\"_blank\" rel=\"noopener noreferrer\">National Association of Realtors (NAR)<\/a> publishes annual data on the value contribution of specific home features.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Garage_Adjustment\"><\/span>Garage Adjustment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>No garage vs 1-car:<\/strong> $6,000\u2013$12,000<\/li>\n<li><strong>1-car vs 2-car:<\/strong> $5,000\u2013$10,000<\/li>\n<li><strong>Detached vs attached:<\/strong> $2,000\u2013$5,000 (attached is worth more)<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Condition_Renovation_Level\"><\/span>Condition \/ Renovation Level<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This is the trickiest adjustment because it is subjective. I break renovation quality into three tiers:<\/p>\n<ul>\n<li><strong>Basic update:<\/strong> Paint, carpet, basic fixtures, laminate counters \u2014 add $0\u2013$5,000 if comp is basic and your plan is mid-range<\/li>\n<li><strong>Mid-range reno:<\/strong> Granite or quartz counters, LVP or hardwood, tile showers, updated cabinets<\/li>\n<li><strong>Premium reno:<\/strong> Custom cabinets, marble, designer fixtures, smart home \u2014 subtract $5,000\u2013$15,000 if comp is premium and your plan is mid-range<\/li>\n<\/ul>\n<p>Always look at photos. &#8220;Updated&#8221; in the listing description means nothing without visual confirmation. For a full breakdown of rehab cost tiers, see the <a href=\"\/blog\/cost-to-rehab-a-house\/\">cost to rehab a house<\/a> guide.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ARV_Mistakes_That_Cost_Flippers_20000\"><\/span>ARV Mistakes That Cost Flippers $20,000+<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>I have made some of these mistakes personally. Others I have watched fellow investors make on deals that went sideways. Here are the errors that cost real money:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Mistake_1_Using_Listing_Prices_Instead_of_Sold_Prices\"><\/span>Mistake #1: Using Listing Prices Instead of Sold Prices<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A property listed at $320,000 means nothing until it closes. It might sell for $305,000, $290,000, or not at all. <strong>Only use closed sale prices for ARV comps.<\/strong> Listing prices reflect what a seller hopes to get \u2014 sold prices reflect what the market actually pays. I have seen new flippers base their entire deal analysis on active listings and then wonder why their property sits on the market for 90 days.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Mistake_2_Cherry-Picking_the_Highest_Comp\"><\/span>Mistake #2: Cherry-Picking the Highest Comp<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If your 4 comps adjust to $190K, $188K, $201K, and $192K, the ARV is around $193K \u2014 not $201K. That outlier might be a sale with unusual circumstances (motivated buyer, bidding war, seller concessions baked in). Using the average or, better yet, the median protects you from outlier bias. Conservative flippers drop the highest and lowest comp and average the middle ones.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Mistake_3_Ignoring_Market_Direction\"><\/span>Mistake #3: Ignoring Market Direction<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A comp that sold 5 months ago in a declining market is worth <em>less<\/em> than its sale price today. A comp from 5 months ago in a rising market is worth <em>more<\/em>. Check <a href=\"https:\/\/www.zillow.com\/research\/\" target=\"_blank\" rel=\"noopener noreferrer\">Zillow Research<\/a> or Redfin&#8217;s Data Center for your market&#8217;s price trend. If prices are dropping 0.5% per month, a comp from 5 months ago needs a 2.5% downward adjustment. I skipped this on a deal in early 2023 when rates were spiking, and it cost me about $14,000 in expected margin.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Mistake_4_Comparing_Unrenovated_to_Renovated_Sales\"><\/span>Mistake #4: Comparing Unrenovated to Renovated Sales<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Your ARV is the <em>after-repair<\/em> value \u2014 so every comp should be in renovated condition. If you pull a comp that sold at $160,000 in as-is condition, that tells you what the property is worth <em>before<\/em> rehab, not after. Mix up pre-rehab and post-rehab comps and your ARV estimate will be wildly inaccurate.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Mistake_5_Crossing_Neighborhood_Boundaries\"><\/span>Mistake #5: Crossing Neighborhood Boundaries<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Two streets can be 0.3 miles apart and in completely different value zones. Railroad tracks, highways, school district lines, and flood zone boundaries create invisible walls between neighborhoods. In Cleveland, homes north of Lorain Avenue in West Park trade at $15\u2013$20K more than homes south of it \u2014 same distance, same zip code, different buyer pool. Always confirm your comps are on the same side of any major dividing line.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Mistake_6_Not_Accounting_for_Lot_Size_Differences\"><\/span>Mistake #6: Not Accounting for Lot Size Differences<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This one bites suburban and rural flippers. A comp on a 0.5-acre lot is worth more than the same house on a 0.15-acre lot. In metro areas, lot size premiums run $2,000\u2013$5,000 per 0.1 acre. In suburban and semi-rural areas, the premium can reach $8,000\u2013$15,000. If your subject is on a standard city lot and the comp sits on a double lot, you need to adjust downward.<\/p>\n<p>Avoiding these errors is the difference between consistent 15\u201320% ROI flips and the kind of deal that makes you question your career choices. The <a href=\"\/blog\/how-to-flip-a-house-beginner-guide\/\">beginner flipper guide<\/a> covers more pitfalls to watch for.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"When_to_Trust_Your_ARV_and_When_to_Walk_Away\"><\/span>When to Trust Your ARV (and When to Walk Away)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Not every deal passes the ARV confidence test. Here is how I think about it:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Trust_Your_ARV_When\"><\/span>Trust Your ARV When:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>You have 3+ comps within 0.5 miles, all sold in the last 4 months<\/li>\n<li>Adjusted values are tightly clustered (within 5% of each other)<\/li>\n<li>All comps are arm&#8217;s-length sales of renovated properties<\/li>\n<li>Your price-per-sqft is consistent across comps (\u00b1$10\/sqft)<\/li>\n<li>Market trends support your estimate (flat or rising prices)<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Walk_Away_or_Reduce_Your_Offer_When\"><\/span>Walk Away (or Reduce Your Offer) When:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Comps are scattered \u2014 adjusted values range from $170K to $220K<\/li>\n<li>You had to go beyond 1.5 miles or 9 months to find 3 comps<\/li>\n<li>The best comp is a foreclosure or short sale<\/li>\n<li>Market data shows declining prices in the ZIP code<\/li>\n<li>Your property has a unique feature (commercial zoning, odd layout, environmental issue) with no true comparable<\/li>\n<\/ul>\n<p>A spread of more than 10% between your highest and lowest adjusted comp means your ARV confidence is low. On those deals, I use the lowest adjusted comp as my ARV and run the numbers from there. If the deal still works at the conservative number, I proceed. If it only works at the optimistic number, I pass.<\/p>\n<p>You can stress-test any deal by plugging both your conservative and optimistic ARV into the <a href=\"\/arv-calculator\">ARV calculator<\/a>, then running the results through the <a href=\"\/fix-and-flip-calculator\">fix and flip calculator<\/a> to see how profit changes. If a 5% drop in ARV kills the deal, the margin is too thin.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Find_ARV_Frequently_Asked_Questions\"><\/span>How to Find ARV: Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"wp-block-details\">\n<details open>\n<summary><strong>How many comps do I need to estimate ARV accurately?<\/strong><\/summary>\n<p>Three comps is the minimum for a reliable ARV estimate. Appraisers typically use 3\u20135. Using fewer than 3 gives you no way to spot outliers or identify a trend. If all 3 adjusted values land within 3\u20135% of each other, your estimate is strong. Four or five comps add extra confidence, but beyond 5 you risk including weaker comparables that dilute accuracy. Start with 3 tight comps and add a 4th only if it genuinely matches your subject.<\/p>\n<\/details>\n<\/div>\n<div class=\"wp-block-details\">\n<details>\n<summary><strong>Can I use Zillow&#8217;s Zestimate as my ARV?<\/strong><\/summary>\n<p>No. The Zestimate is an automated valuation model (AVM) that estimates current market value \u2014 not after-repair value. It does not account for your specific renovation plan, and Zillow&#8217;s own data shows a median error rate of about 2.4% for on-market homes and 7.5% for off-market homes. A 7.5% error on a $250,000 property is $18,750 \u2014 more than enough to wreck a flip&#8217;s profit. Use Zillow to find comp data, but calculate ARV yourself using adjusted comps. The <a href=\"\/blog\/arv-calculator-how-to-use\/\">ARV calculator guide<\/a> shows how.<\/p>\n<\/details>\n<\/div>\n<div class=\"wp-block-details\">\n<details>\n<summary><strong>How do I find ARV if there are no recent renovated sales nearby?<\/strong><\/summary>\n<p>Start by widening your search: expand the time window to 9 months, then the radius to 1.5 miles. If you still cannot find renovated comps, look for properties that sold twice within 12 months \u2014 the first sale was likely a distressed purchase and the second was the post-flip sale. That second sale is your comp. You can also talk to local agents who specialize in flips; they often know about recent sales not yet reflected in public data. As a last resort, find unrenovated sales and add the estimated value of renovations \u2014 but this method is less reliable and should be confirmed by at least one actual renovated sale.<\/p>\n<\/details>\n<\/div>\n<div class=\"wp-block-details\">\n<details>\n<summary><strong>Should I adjust ARV for the time of year I plan to sell?<\/strong><\/summary>\n<p>Yes, seasonal adjustments matter. According to the <a href=\"https:\/\/www.census.gov\/construction\/nrs\/index.html\" target=\"_blank\" rel=\"noopener noreferrer\">U.S. Census Bureau&#8217;s housing data<\/a>, home sales peak in May\u2013July and dip in November\u2013January. The price difference between peak and trough seasons averages 5\u20138% in most metro areas. If your comps sold in June and you plan to list in January, consider adjusting your ARV down by 3\u20135%. Conversely, if comps sold in winter and you are listing in spring, your ARV might be slightly conservative. Factor the seasonal cycle into your holding period and listing timeline.<\/p>\n<\/details>\n<\/div>\n<div class=\"wp-block-details\">\n<details>\n<summary><strong>What is the difference between ARV and appraised value?<\/strong><\/summary>\n<p>ARV is your pre-purchase estimate of what a property will be worth after renovations. Appraised value is the figure a licensed appraiser assigns, typically during the buyer&#8217;s mortgage process or a cash-out refinance. They use similar methods \u2014 both rely on comparable sales and adjustments \u2014 but an appraisal is a formal, regulated opinion of value at a specific point in time. Your ARV estimate should be close to the eventual appraised value if your comps were solid. The risk is that an appraiser might select different comps or apply different adjustments, so always build a 3\u20135% cushion into your ARV estimate. For BRRRR investors, the appraised value at refinance determines cash-out proceeds \u2014 read the <a href=\"\/blog\/after-repair-value-calculator-guide\/\">after repair value guide<\/a> for details.<\/p>\n<\/details>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Related_Calculators_and_Guides\"><\/span>Related Calculators and Guides<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Finding ARV is step one. Here are the tools and resources to take your analysis further:<\/p>\n<ul>\n<li><strong><a href=\"\/arv-calculator\">ARV Calculator<\/a><\/strong> \u2014 plug in your comps and get an instant after-repair value estimate with sensitivity analysis<\/li>\n<li><strong><a href=\"\/fix-and-flip-calculator\">Fix and Flip Calculator<\/a><\/strong> \u2014 calculate total profit, ROI, and holding costs for any flip deal<\/li>\n<li><strong><a href=\"\/70-percent-rule-calculator\">70% Rule Calculator<\/a><\/strong> \u2014 find your maximum offer price based on ARV and rehab costs<\/li>\n<li><strong><a href=\"\/blog\/arv-calculator-how-to-use\/\">How to Use the ARV Calculator<\/a><\/strong> \u2014 step-by-step walkthrough of the calculator interface<\/li>\n<li><strong><a href=\"\/blog\/arv-calculator-by-address\/\">Find ARV by Address<\/a><\/strong> \u2014 look up ARV using a specific property address<\/li>\n<li><strong><a href=\"\/blog\/cost-to-rehab-a-house\/\">Cost to Rehab a House<\/a><\/strong> \u2014 line-item rehab cost breakdowns by project type<\/li>\n<li><strong><a href=\"\/blog\/fix-and-flip-guide\/\">Fix and Flip Guide<\/a><\/strong> \u2014 full walkthrough from deal sourcing to closing<\/li>\n<li><strong><a href=\"\/blog\/how-to-flip-a-house-beginner-guide\/\">How to Flip a House: Beginner Guide<\/a><\/strong> \u2014 start-to-finish roadmap for first-time flippers<\/li>\n<li><strong><a href=\"\/blog\/70-rule-calculator-guide\/\">70% Rule Guide<\/a><\/strong> \u2014 when the 70% rule works and when to adjust it<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>How to find ARV using comps: the 1-mile radius rule, 3 adjustment methods, and 2 worked examples. Stop overpaying for flips by getting ARV right.<\/p>\n","protected":false},"author":1,"featured_media":1398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-1399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-guides"],"_links":{"self":[{"href":"https:\/\/arvcalc.com\/blog\/wp-json\/wp\/v2\/posts\/1399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arvcalc.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arvcalc.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arvcalc.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/arvcalc.com\/blog\/wp-json\/wp\/v2\/comments?post=1399"}],"version-history":[{"count":0,"href":"https:\/\/arvcalc.com\/blog\/wp-json\/wp\/v2\/posts\/1399\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arvcalc.com\/blog\/wp-json\/wp\/v2\/media\/1398"}],"wp:attachment":[{"href":"https:\/\/arvcalc.com\/blog\/wp-json\/wp\/v2\/media?parent=1399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arvcalc.com\/blog\/wp-json\/wp\/v2\/categories?post=1399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arvcalc.com\/blog\/wp-json\/wp\/v2\/tags?post=1399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}