Updated 12 months ago on . Most recent reply
Underwriting Question - No direct comps
I’m underwriting some infill projects in Central Florida, and im running into an issue.
I'm trying to calculate the ARV of a townhome with a detached ADU, but there are no direct comps.
How would you approach this?
Im using stand-alone townhome comps for the main unit then calculating a separate value for the ADU based on its rental income.
Curious to hear how other investors and appraisers would evauate these?