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BA Comp Analysis

408 Noble Avenue - C, Everman, TX 76140 • 2BR/1.0BA • 780 sq ft

Analysis Date:

January 13, 2026

12:45 PM

Property Type

Current: Multi-Family

Your Market Rent Estimate

$1,095/month

Last updated: 01/13/2026

Update Your Estimate:

Saving your estimate will automatically complete any pending "Run new comp analysis and update Market Rent Estimate" tasks.

This is a previous analysis — refresh recommended

Last run: January 13, 2026 at 12:45 PM (17 days ago) • Refresh cadence: every 14 days

Next steps: 1) Click Get Updated Comps, 2) click Save Analysis to record this run, 3) update “Your Market Rent Estimate” and click Save Estimate.

BA Algorithm Rent Estimate

BA Transparent Rent Algorithm

$1,112/month

Based on 5 comparable properties

Confidence: $998 - $1,245

AI Rent Estimate

Machine Learning Model

$1,125/month

Advanced AI analysis of market trends and property features

AI Confidence: 85.0%

Property Details

Address 408 Noble Avenue - C, Everman, TX 76140

Bedrooms 2

Bathrooms 1.0

Square Feet 780

Property Type Multi-Family

Current Listed Price Not Listed

Comparable Properties Summary

Total Comparables 5

High Correlation Properties 2

Average Comp Rent $1,278

Comp Rent Range $1,050 - $1,400

Analysis Freshness Recent

Comparable Properties

Address	Type	Rent	Bed/Bath	Sq Ft	Distance	Correlation	Days Old
203 Thompson St, Everman, TX 76140	Multi-Family	$1,050	2BR/1.0BA	919	0.28 mi	93%	N/A
215 E Trammell Ave, Unit 215TRAMMELL, Fort Worth, TX 76140	Multi-Family	$1,400	2BR/1.0BA	920	0.29 mi	93%	N/A
7470 Tiffany Meadows Ln, Unit 7472, Fort Worth, TX 76140	Multi-Family	$1,295	2BR/1.0BA	1,090	0.71 mi	72%	N/A
7472 Tiffany Meadows Ln, # 7472, Fort Worth, TX 76140	Multi-Family	$1,295	2BR/1.0BA	1,087	0.71 mi	72%	N/A
7472 Tiffany Meadows Ln, Unit 7472, Fort Worth, TX 76140	Multi-Family	$1,350	2BR/1.0BA	1,090	0.71 mi	72%	N/A

Comparable Properties Map

Map shows: Subject property (red) and comparable properties (blue)

Data Source: RentCast API • Analysis from January 13, 2026 at 12:45 PM

ℹ️ Saved Analysis: This analysis is available as a link in your listing metrics. View in Listing Page

Full Transparency: Unlike "black box" AI algorithms, our method shows exactly how we calculate market rent estimates using proven real estate appraisal principles.

How Our Algorithm Works:

Comparable Analysis

We analyze similar rental properties from RentCast's database, focusing on location, size, property type, and recent rental activity.

Advanced Exponential Weighting

Each comparable gets a weight based on its correlation score using an exponential curve that heavily rewards excellent matches.

Excellent (≥90%): Exponential weight (correlation^1.5)
Good (70-89%): Standard weight (correlation)
Fair (50-69%): Reduced weight (correlation × 0.8)
Poor (<50%): Minimal weight (correlation × 0.6, min 0.2)

Weighted Average Calculation

We calculate a weighted average where more similar properties have greater influence on the final estimate.

Weighted Rent = Σ(Comparable Rent × Weight) ÷ Σ(Weights)

Quality-Based Calculation

Our algorithm adapts based on the quality of available comparables:

High Quality (>30% excellent): Pure weighted calculation
Low Quality (<30% excellent): Light blend (85% weighted, 15% simple average)

This maximizes accuracy when we have great comps, adds stability when we don't.

Dynamic Range Calculation

We calculate a smart confidence range that adapts to market conditions and comparable quality:

High Quality: Tighter range (5-8%)
Medium Quality: Standard range (8-12%)
Low Quality: Wider range (10-15%)
Market Adaptive: Adjusts based on comparable rent volatility

Current Analysis Details:

Total Comparables: 5

High Correlation (>70%): 2

Average Comp Rent: $1,278

Final BA Estimate: $1,112

Why This Method Works:

Based on proven appraisal methods
Fully transparent process
Consistent results

Prevents estimate volatility
Uses local market data
Professional credibility