Property in flood zone

[Adam Soyak]

What is the typical ARV reduction on a property if is in a floodplain? I'm looking at a property, that would have an ARV of approximately $210,000 if not in flood plain. Looking at two options either keeping it as a rental and dealing with the additional $2k in insurance or flipping it in 3 months. However, hard to figure out comps. Also I know the buyer pool will greatly decrease because of the floodzone.

Any advice is greatly appreciated!