How to use BP calculators/ estimate ARV for a buy and hold?

[Marissa Mallamo]

Hi BP!

I'm trying to use the rental property calculator on BP to analyze a few buy and hold properties I'm looking at. I'm confused on the ARV section, since I wouldn't be planning to sell anytime soon after buying. Some of the properties I'm analyzing need light cosmetic repairs and some are in rentable condition with no work needed. Either way, I'm confused on this section of the calculators. If I buy the property at fair market value and put between $1-3k into it for things like a new appliance, new carpet, fans, etc., this is not going to make the value skyrocket right away. Any insight is appreciated :)

Thanks in advance!