ARV (After-Repair Value)
A property's projected value after planned rehab is complete. Hard money lenders lend against ARV; BRRRR exits depend on ARV supporting the cash-out refi.
Why it matters on a DSCR loan
For BRRRR investors, an honest ARV estimate before purchase is the single most important underwriting you do yourself — if the ARV doesn't materialize, the DSCR cash-out refi won't return enough capital to repeat the cycle. Base your ARV on true post-rehab comparables in the same neighborhood, not aspirational listings. Also plan for seasoning requirements, since the refinance lender may not use the new appraised value until you've owned the property for the required period.
Related terms
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DSCR Calculator Get a QuoteReviewed by Arin Baghermian, Broker Owner — NMLS #1220456 · Last reviewed July 2, 2026 · DSCR Capital Partners is a brand of UTM Financial, LLC (NMLS #2591548).