ARV, or After Repair Value, is the estimated market value of a property after it has been fully renovated. It represents what the property would sell for if it were in top condition today, based on recent comparable sales of similar renovated homes in the same area.
In practice, a licensed appraiser uses the sales comparison approach with manual adjustments for each comp. AI tools like Rinsed automate this process using recent MLS data.
ARV is the anchor number for every real estate investment calculation — MAO, deal score, repair ROI, and refinance planning all start here. If your ARV is wrong, every downstream number is wrong.
Use sales within 0.5 miles, similar size (±20% sqft), same bed/bath count, sold within 12 months, and in similar or better condition. Adjust for significant differences in size, age, and features. Take the median adjusted value — not the average.