SiftMap allows you to analyze properties, calculate ARVs, and spot potential buyers—all from within your REISift account. This guide walks you through how to pull comps and calculate cost per square foot using recent sales data.
Step 1: Search the Subject Property
Log into REISift and click on SiftMap.
Use the Search Address bar to enter the property address you want to run comps for.
Once the property loads, use the map to get a visual of the location.
Click Draw Polygon and outline a radius around your subject property (approx. 1 mile works well).
After drawing your shape, remove the address from the search bar by clicking the "X." This lets you view all properties in your selected area
Step 2: Set Property Filters
To narrow down properties that are truly comparable:
Use the Beds/Baths filters to match the subject property (e.g., 4 bed, 3 bath max).
Set the Property Type (e.g., Single Family Residence).
Click More Filters > Financial Details and filter Last Sold Date to a 3–6 month range. For example: September 1, 2024 – today.
Apply the filters.
Step 3: Filter by Square Footage
To narrow down even further:
Go to More Filters > Property Details.
Set the square footage range to be +/- 400 sq ft from your subject property. Example: If your property is 1,500 sq ft, try a range of 1,100–2,000 sq ft.
Click Apply.
You should now see a refined list of recently sold properties in the area with similar attributes.
Step 4: Analyze Sold Comps
Look for at least three sold properties similar in size, age, and features.
For each property:
Note the sale price and square footage.
Calculate the price per sq ft (Sale Price ÷ Sq Ft).
Example:
Property A: $333,000 ÷ 1,959 sq ft = $170/sq ft
Property B: $415,000 ÷ 1,684 sq ft = $246/sq ft
Property C: $472,000 ÷ 1,420 sq ft = $332/sq ft
Average the price per sq ft from your comps.
Example: (170 + 246 + 332) ÷ 3 = ~$249/sq ft
Step 5: Calculate ARV
Multiply your average price per sq ft by the square footage of your subject property.
Example: 1,500 sq ft × $249 = $373,500 ARV
Step 6: Reverse Engineer a Purchase Price
Use the 70% rule to estimate a safe purchase price:
ARV × 0.70 – Estimated Rehab – Wholesale Fee = Max Purchase Price
Example:
ARV: $400,000
70% of ARV: $280,000
Rehab: $85,000
Wholesale Fee: $10,000
→ Max Purchase Price: $185,000
Bonus: Spot Potential Buyers
Look for indicators of investors/flippers:
Properties that were recently bought and resold.
Properties that were purchased in cash and are now listed again.
Use the “Quick Resale” preset in SiftMap to filter for flips.
Compare:
Original purchase price
Resale list price
Buyer names (e.g., LLCs like “C Proper LLC”) to find active investors.
💡 Pro Tip:
Blue icons on the map indicate active MLS listings—great for seeing what buyers are targeting and at what price point.
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