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After-Repair Value per Square Foot Calculator

Build ARV from the average price-per-square-foot of comparable sold properties. Returns low, mid, and high ARV ranges plus a dollar adjustment line for material differences.

Subject & adjustments

$

positive or negative dollar adjustment

Sold comps (post-renovation quality)

$
$
$

ARV (mid)

$489,956

avg PSF × subject sf + adj

ARV (low)

$485,601

min PSF × sf + adj

ARV (high)

$493,981

max PSF × sf + adj

Avg comp PSF

$297

range $294$299

How to use it

The mid ARV is the most defensible single number. The low ARV is the conservative figure flippers should underwrite to. The high ARV is the upside target if comps run hot.

PSF-based ARV ignores condition and amenity differences. Always pair with line-item adjustments for major features (lot, view, garage, ADU, basement) and use comps that match the post-renovation finish level you'll deliver.

How to Use

  1. Enter the subject property's square footage (after any additions if applicable).
  2. Enter price and square footage for up to 3 sold comps that match the post-renovation quality you'll deliver.
  3. Enter a dollar adjustment for differences (better lot, view premium, condition gap, ADU, etc.).
  4. Read the mid ARV for underwriting; use the low ARV as the conservative target.

Frequently Asked Questions

How do I pick comps for ARV?

Recently sold (last 90–180 days), within 0.5 mile of the subject, similar square footage (±20%), similar bed/bath count, and most importantly similar finish level to what you'll deliver post-renovation. A flipped comp is more relevant than a tired comp.

Should I use list price or sold price?

Sold price. List prices reflect seller hopes; sold prices reflect what buyers paid. If your area has fast price changes, a list-price comp can be useful for trend, but underwrite to actual sales.

What's a good adjustment?

Most adjustments fall in $5,000–$30,000 ranges per material feature. Bigger lot, view, finished basement, garage, ADU all warrant explicit dollar adjustments rather than rolling into PSF.

How conservative should I be?

Underwrite flips to the low ARV, not the mid or high. Markets soften, comps you didn't see surface, and your finish quality may not match the highest comp. The low ARV is your safety margin.

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