[Calc Review] What am I missing?

[Tashina Taylor]

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We checked this place out yesterday. I am especially curious what out-of-town investors would do with this place if it caught their eye. We are also really curious what the general consensus is of the numbers. Are we too far off? 

Supposedly investors have checked this place out and all have given a hard no. Finding comparables for this house was hard, as there are no houses with this many rooms unless they're outside of town and on ranches - very different. 

For the ARV I went with the average house prices in the neighborhood. For the repair estimates, I overestimated the heck out everything that needed done. Major appliances appeared brand new.

The numbers appear to work, so what are we missing? Looking forward to your input!

[Sam Shueh]

With that many bedrooms and cars I look at the mini garage and driveway. I wonder how many large families want to move in?   Most appraisers will focus on the gross living area as basis for valuation using $/sf as basis. 6, 7, 8 bed rooms matter less.  In fact, more expensive estates happens to have fewer bedrooms.  I suggest you add beautification with landscape, trees, flowers. The interior paint cost seems to be on the lower side using two tone modern color. Flooring, recessed lights, new kitchen cabinets, modern baths add more value to the property.  These dated 1970 homes look dark and dull. I will focus on converting a br to office or library. Good luck.

Sam Shueh