The ARV Calculator

[Jerald Alford]

Hello all, and thanks for stopping by.

I have been fortunate enough to get a ARV spreadsheet created by Liver Larson right here on BP and being that I'm an analyst it looks to be pretty squared away. That is until today. I went out to look at a property with a Landlord that is aging and is looking to liquidate but the test is for me to get this one off his hands first. He is asking 35k, in my opinion too high, but not really off from retail. In doing the comps from Zillow, the ARV comes up to over 52k! That would be great if the area wasn't deemed as a "War zone". Zillow has an "Zestimate" of 29k. During the walk thru, I would have to say from my non-contractor eye then house is solid. Less than a year old Metal Roof, Fresh Paint on the outside, less than a year old 2.5 ton unit outside, enclosed porch with tile, hardwood floors throughout the house and a so so kitchen that could use some updating. But that ARV is stomping me.

any help of suggestions would be great, love this place (BP)

THIA