Having an accurate after repair value (ARV) is crucial for making offers to purchase properties as well as for the calculation of profits. Zilculator makes it easy to view recent sales comps for properties in the US and their average sale price. It also estimates a projected ARV of the property you are analyzing based on its living area. You can also include the Comparative Market Analysis (CMA) in your reports and lender presentations.
Note: This feature is available to our Pro and Premium users. Comparables are loaded automatically only in the United States and Canada.
1. Open CMA module
First, you have to create a property, add in a guessed ARV and generate a property report.
Then, open the report, scroll to the Comparative Sales Analysis and click the toggle button on the left.
2. View recent comparable sales
If your property is located in the US or Canada, Zilculator will search MLS® and other data sources to load comps automatically. You will be presented with a list of up to 200 recent sales comps, including their address, description, distance, and sale information.
Next, use the filters to narrow down the search. Depending on the number of sales comps found, you can change the "Sold in" period, distance from the subject property, size, or the number of bedrooms.
Then, go through the list and select the comps that you want to include in your CMA by clicking the checkbox on the left.
You can re-order the comps by dragging them, editing them or adding notes by clicking the Edit button on the right.
You can also add comparables manually by clicking the Add comparable button. When you are done, click the Save button and review the final CMA in the report.
3. Estimate ARV
Once you selected the most relevant comps, you will see their average sale price and average price per sqft. Zilculator also estimates an ARV of the subject property based on its living area and the average price per square foot of the selected comps. You can use this projected ARV in your analysis.
Learn about more things that you can do with the property: