The "Market Value" and "Return" metrics are given top billing on the Property and Portfolio dashboards precisely because we've found that many rental property investors struggle to track valuation regularly.

By default, Stessa uses the original Zestimate gathered during property setup to peg the current valuation. An updated figure is gathered from Zillow whenever you click the "Zillow Zestimate" field on the "Valuation Over time" card from the Property-specific dashboard.

To update the value on your dashboard, click the kebab menu (three dots) and select "Update Valuation".

Next, a fly-out menu will appear that will allow you to select what methodology you would like to use for valuation.

Click save at the bottom right after selecting a method, such as Zillow Zestimate.

We've found that the most accurate valuation estimates are for single-family homes and duplexes, whereas larger multi-family assets may be less reliable.

Regardless, you can easily switch how the current valuation is calculated for any particular property by visiting your Property Details page. Simply choosing a different methodology.

Use "Custom Valuation" to key in your valuation directly.

Use "Gross Rent Multiplier" if this method prevails in your local market. Make sure your Rent Roll is fully updated and/or you've entered "Market Rent" estimates when using the GRM method. 

Finally, you can set the valuation based on an estimated "Cap Rate" applied to projected (actual or market) NOI with a vacancy assumption.

Have questions about how to set up a valuation?
Use the blue circle at the lower right to drop us a note. We'll get back to you soon.