House Prices Verification/Zillow Prices Verification

[Amir Mohammed]

Hello BG Community,

I bought two single family homes from a tired landlord. The occupied units were rented for $1k/each and bought at a purchase price of $62 K/ each. After about 1.5 years of owning them, i did some minor cabinet upgrades, bathroom upgrades.

Zillow and all other real estate websites show the current value at $120-125 K. How accurate is Zillow and what is the basis for them to determine the house price. Is the house value assessed by Zillow based on as-is condition? or does the shortage of houses in that zip code determine the prices going up?. I am looking to cash out, so i would like to know if i should be adding more money into the rentals such as painting/roof upgrades?