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OffMarket Deck · Updated 2026-04-22
After Repair Value (ARV) is the estimated resale value of a property after completing planned renovations and repairs. Investors use ARV as a ceiling to size offers, calculate margins, and determine whether a deal meets their profit targets. It is not the list price, tax assessment, or a wishful estimate — it is a forward-looking number supported by comparable sold properties in similar condition.
ARV in real estate means after repair value — the realistic resale value of a property after the work you plan to do, when it is finished to a quality that truly matches the best nearby sold comps. It is a forward, project-specific number, not the list price, not the tax assessment, and not a "Zestimate with hope."
You use ARV to size offers, margin, and (for wholesalers) whether an end buyer can still make money after your fee. The sections below: the working definition, a formula box, a worked numeric example, the mistakes that break deals, and only then how to use a public deal list as a first screen.
Key takeaway
Short version: if you complete the planned scope, and a retail or exit buyer compares your product to similar recent sales, what is a defensible top of the value band? Wholesale buyers need room for the 70% rule (or a tighter rule) to work; BRRR investors use ARV to bound refinance. Same idea, different exit stress test.
Core relationship (conceptual)
ARV = exit price implied by comparable, already-sold homes in similar location, size, and finished condition
You do not "calculate ARV" from a single formula like gas mileage — you support a number with a comp set, adjustments, and honesty about your deliverable finish.
Say your sub-market for clean, updated 3/2s has sold between $320k and $345k in the last 90 days after normal marketing time. You walk the subject and it needs real kitchen and bath, but nothing structural. If your scope truly lands in the middle of that band when done:
On deal rows where we show ARV, repair, or rent language, treat it as a starting point for triage — not a replacement for your comp set. If you are screening flips, open fix & flip in Texas, Florida, or Houston or Miami and shortlist in the markets you can underwrite credibly. Same workflow as a mailer lead, but with filters and one place to sort.
Next step on offers: the 70% rule for a back-of-napkin screen, and wholesaling for beginners if you are pricing a contract assignment, not holding a rehab.
Active listings matching this guide's investment strategy.


