Property Value
Number of Units
Single Input Valuation Metrics

Square Footage

The total livable square footage of the property.

Example Result

Sample Data
1,500.00

Based on a sample $385,000 property with $2,850/month rent, 20% down, 7% interest rate.

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Square Footage Formula

User Input
User Input
1,500.00

Where to Find This Value

Here's where you can find the value for Square Footage:

County Records

County assessor records list the official square footage of the property

Appraisal Report

A licensed appraisal includes a measured square footage calculation

MLS Listing

The MLS listing shows square footage (may differ from county records)

Used to Calculate

Square Footage is used as an input for these calculations:

Operating Cost Per Square Foot
Expense Metrics
$8.10
Price Per Square Foot
Valuation Metrics
$256.67
Cost Approach Value
Valuation Metrics
$214,250
Replacement Cost Estimate
Valuation Metrics
$225,000
All-In Cost Per Square Foot
Deal Analysis
$264.37
Rehab Cost Per Square Foot
Deal Analysis
$0.00

Platform Distribution

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Why It Matters

Square footage drives per-unit-area comparisons that help you identify overpriced or underpriced properties. A property at $250/sqft in a neighborhood averaging $200/sqft needs justification. It also affects replacement cost estimates and renovation budgets, which are typically estimated per square foot.

Detailed Explanation

Square Footage is the total heated and cooled living space of the property, measured in square feet. It is used to calculate per-square-foot metrics like Price Per Square Foot, Cost Per Square Foot, and Income Per Square Foot. Accurate square footage is important for comparison with similar properties. Use the appraiser's measurement or county records — marketing materials often overstate square footage.

Example

Sample Result
1,500

Based on a sample $385,000 property with $2,850/month rent, 20% down, 7% interest rate.

Related Calculations

Price Per Unit

2

Purchase price divided by number of units.

$385,000 Example

Price Per Square Foot

2

Purchase price divided by total square footage.

$256.67 Example

Value Based on Cap Rate

U

Property value estimated by dividing NOI by the cap rate.

$385,000 Example

Value Based on GRM

U

Property value estimated using the gross rent multiplier.

$385,000 Example

Cost Approach Value

W

Estimated value based on land value plus depreciated replacement cost.

$214,250 Example

Equity Position Current

2

Current property value minus outstanding loan balance.

$77,000 Example

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