ARV for unique homes

[Gary Hert]

I have a question about how to calculate the ARV of a home in a unique situation. The home is located in a semi-rural area and is directly across the street from 10 low income housing units. The low income housing is only one year old and looks really good. I would not be concerned at all if it was not for the large "Low Income Housing" sign that is located on the property.

If similar homes are selling for $200K, how would I calculate the discount (if any) that would be required to sell this home once it is rehabbed?

Thanks in advance.