"ALCHRISTMAN" posted this blurb a while back about determinging ARV...hope it's helpful.
Suzi : )
Determine After Repair Value (ARV) by using reliable comps and taking the average value per sq.ft. multiplied by the sq. footage of your property. To determine 70% of ARV, multipy ATV by .7, For 65% multiply by .65. To determine what per centage a list price is of ARV, divide list price by ARV and multiply by 100.
Example
average comp value is $115/sq.ft.
home is 1500 sq.ft.
ARV=$115x1500 or $172,500.00
70% of ARV is $172,500x.7=$120,750
if list price is $150,000
list price is 150,000/172,500=.8696
.8696x100=86.96% of ARV
Does anybody know how to determine the ARV?
Anybody at all?
"ALCHRISTMAN" posted this blurb a while back about determinging ARV...hope it's helpful.
Suzi : )
Determine After Repair Value (ARV) by using reliable comps and taking the average value per sq.ft. multiplied by the sq. footage of your property. To determine 70% of ARV, multipy ATV by .7, For 65% multiply by .65. To determine what per centage a list price is of ARV, divide list price by ARV and multiply by 100.
Example
average comp value is $115/sq.ft.
home is 1500 sq.ft.
ARV=$115x1500 or $172,500.00
70% of ARV is $172,500x.7=$120,750
if list price is $150,000
list price is 150,000/172,500=.8696
.8696x100=86.96% of ARV
I hope this answers your question.
Good Luck, Al
Check out my journal at: http://www.deangraziosi.com/real-estate-forums/investing-journals/29155/...
Thank you so much Suzi
I really appreciate you post
God Bless