Your first comp report: search an address and read the results

What a comp report is

Search any multifamily address, CSA/CBSA, or submarket in the Comps section and Archer builds a comp report for it — rent comps, expense comps, and sale comps, viewable as charts, a map, or a list.

Two things make Archer's comps different from what you're used to:

• They come from real financials, not advertised rents. Every rent roll you parse becomes a rent comp at the unit level. Every T12 you parse becomes an expense comp at the line-item level. These are actuals.
• Your comps are private. Deals your team parses build a proprietary comp set that only your team sees. No other Archer client can access your data. Archer's market comps (sourced from CMBS, Freddie, Fannie, and public data) sit alongside them for context.

The result: the more deals you run through Archer, the better your comps get. That's the flywheel — and it starts with your first parse.

1. Go to the Comps section and open the Comp Reports tab.
2. In the search bar, enter an address, CSA/CBSA, or submarket. A specific property address gives you the most focused report; a submarket gives you the widest view.
3. Archer returns the comp set for that search. Use the view toggles to switch between chart, map, and list views — the map is the fastest way to sanity-check geography, the list is best for line-item detail.
4. Switch between Rent Comps, Expense Comps, and Sale Comps using the tabs within the report. 

• Rent comps show unit-level rents from parsed rent rolls and market sources. Compare by floor plan and vintage — a comp report is only as useful as its filters, so narrow to properties that actually compete with your subject.
• Expense comps show line-item operating costs. This is where Archer is strongest: per-unit expense actuals mapped to a consistent chart of accounts, so you're comparing like to like.
• Sale comps show transaction history for comparable properties.

Comps marked as coming from your own parses are your private data. 

When you've filtered a report down to a set worth keeping, save it — saved sets live in the Saved Comps tab so your team can reuse them instead of rebuilding the search. Saved comp sets also flow into your underwrites.

A brand-new account has few private comps — that's expected. Your report will lean on Archer's market data until your team's parses build up. Ten parsed deals in a market changes what these reports look like. If a specific property you know should appear isn't showing, see Adding and managing custom comps — custom comps can take a few minutes to sync.

• The comps flywheel: how every parse builds your data moat
• Where Archer gets its data
• Adjusting your rent comp set