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40-44 San Carlos St Triplex
B+ Composite 77.14
Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +29.1/30.0
  • ARV discount +15.0/15.0
  • DSCR +10.0/10.0
  • 1% rule +7.0/10.0
  • Rent growth +5.0/5.0
  • Schools +5.0/10.0
  • Livability +3.8/5.0
  • Condition / age +2.2/5.0
  • Appreciation +0.0/10.0

$1,139,000

40-44 San Carlos St · San Francisco, CA 94110
15 bd · 3.0 ba · 2,825 sqft · MultiFamily public records · 94 Days on market
Built 1908 Fair condition 2,000 sqft lot $403/sqft · 27% below area Est $1.552M · 27% under ↓ 16% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks

Located between Mission & Valencia Sts. Duplex in the front and a cute little cottage in the back. Both buildings have a tall basement.

Key facts

  • Basement
  • Cottage
  • Duplex

Tags

DUPLEXCOTTAGEBASEMENT

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3 × 2-bed/1.0-bath units multifamily listed at $1.14M. Condition is rated fair.
  • This rent per unit runs 34% of the median local income ($158k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Deal economics

  • At list price, monthly cash flow is $4k ($47k/yr) — positive. Per door: $1k/mo.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($14k rent vs $1.14M).
  • Recommended offer: $1.04M (9.0% below list) — sets the bar for market timing.
  • Cap rate 10.4% vs local median 2.2% in San Francisco — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 76/100 on livability (#90 in CA, #3,143 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
  • San Francisco Unified (urban): math 50% / reading 56% proficiency, ranked #322 of 1,400 in CA (top 23%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
  • Zoned schools: Lilienthal (Claire) Elementary (669 students, 19% FRL); Giannini (A.P.) Middle (1,192 students, 34% FRL); Lowell High (2,632 students, 37% FRL) — zoned schools average 30% FRL vs 49% district-wide (19 pts lower); this property's tenant base skews higher-income than the district average.
  • Market conditions: Rents rising fast (+14.5%/yr); 231 active listings in the ZIP; high-income renter base; 750 units permitted in San Francisco County in 2024 (688 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $8k of loan paydown is wiped out by about $34k of value loss. Plan a longer hold.
  • San Francisco County population projected at +39% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (-3.0% appreciation + 8.0% rent growth), your $319k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 94 days — a 9% lower offer ($1.04M) is reasonable based on typical stale-listing flexibility.
  • 3 sale attempts; this cycle's ask has dropped $210k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: built in 1908 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $1,036,490 (9.0% below list)

Questions for the listing agent

  1. It's been on market 94 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
  3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
  4. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  5. Built in 1908 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  8. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  9. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
  10. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  11. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
1.20%
Cap rate
10.44%
Cash-on-cash
14.82%
DSCR
1.66
GRM
7.0

CMA / ARV

ARV (median comp)
$1,551,957
List price
$1,139,000
Delta
-26.61%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 2 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
139-143 Blake St 2.15mi 14/4.0 (-1) 2,890 (+2%) 42mo $908,000 $314 32
109 Liberty St 0.39mi 15/7.0 3,490 (+24%) 42mo $2,375,000 $681 21

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold
IRR
10.4%
Equity multiple
1.43×
Total profit
$137,775
Equity at exit
$169,829
10-year hold
IRR
23.0%
Equity multiple
3.41×
Total profit
$768,796
Equity at exit
$98,480

Cash invested: $318,920 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (CITY)
0 Strongly Tenant-Friendly
State California
18 Strongly Tenant-Friendly · D+13
County
— inherits STATE
City San Francisco
0 Strongly Tenant-Friendly · D+57
SF Rent Ordinance + Eviction Protections; relocation $10k+; one of strictest in US.

Active competition Active MLS

For sale now
1 active
Median asking
$2,100,000 ($929/sqft)
Median days on market
17 d
This list price
lowest-priced of the active set
ARV vs active asking
-40.9% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 94110

Rents YoY
14.5%
Active inventory
231
Price-to-rent
20.9×

Monthly cashflow live

Estimated rent
$13,623 high interval (Pro) →
Mortgage (P&I)
$5,973
Tax from tax record
$377 /mo · $4,524/yr
Insurance
$475
HOA
$0
Vacancy / Maint / Mgmt
$2,861
Net cashflow
$3,938

3-unit breakdown (identical units grouped — click to expand)

UnitsBedsBathsEst. rent
Total (3 units) $13,623

Break-even live

Break-even rent $8,639
Max offer price $1,139,000
Occupancy floor 66%

Sensitivity live

Price -10% $4,582 -5% $4,260 +0% $3,938 +5% $3,615 +10% $3,293
Rent -10% $2,861 -5% $3,399 +0% $3,938 +5% $4,476 +10% $5,014
Rate -1.0pp $4,511 -0.5pp $4,227 base $3,938 +0.5pp $3,642 +1.0pp $3,342

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$284,750
Closing costs
$34,170
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
54 Sycamore St San Francisco, CA 2.0 1.0 750 $2,950 $3.93 37d 1 0.06mi
3436 19th St Unit A San Francisco, CA 3.0 2.0 1250 $7,225 $5.78 69d 1 0.11mi
2315 Mission St Unit 106 San Francisco, CA 1.0 1.0 450 $2,995 $6.66 56d 1 0.15mi
2315 Mission St San Francisco, CA 1.0 1.0 450 $2,995 $6.66 52d 1 0.15mi
2315 Mission St San Francisco, CA 1.0 1.0 $2,345 93d 1 0.15mi
600 S Van Ness Ave San Francisco, CA 2.0 2.0 1200 $6,500 $5.42 51d 1 0.17mi
2333 Mission St #2 San Francisco, CA 2.0 2.0 1010 $4,900 $4.85 56d 1 0.17mi
542 Valencia St Unit A San Francisco, CA 2.0 1.0 1600 $5,000 $3.12 73d 1 0.19mi
625 Guerrero St San Francisco, CA 1.0 1.0 $4,595 2d 1 0.20mi
625 Guerrero St San Francisco, CA 1.0 1.0 $5,995 42d 1 0.20mi
799 S Van Ness Ave San Francisco, CA 1.0 1.0 700 $3,800 $5.43 48d 1 0.21mi
3474 17th St San Francisco, CA 1.0 1.0 $4,995 71d 1 0.21mi
467 Guerrero St San Francisco, CA 2.0 1.0 $4,795 42d 1 0.24mi
3440 20th St San Francisco, CA 2.0 1.0 832 $5,995 $7.21 2d 1 0.24mi
158 Linda St San Francisco, CA 2.0 2.0 $5,995 21d 1 0.26mi
3525 17th St Unit 03 San Francisco, CA 1.0 1.0 $4,495 54d 1 0.26mi
3640A 19th St San Francisco, CA 2.0 2.0 $6,995 27d 1 0.28mi
922 Valencia St San Francisco, CA 3.0 3.0 1100 $8,450 $7.68 93d 1 0.28mi
922 Valencia St Apt C San Francisco, CA 3.0 2.5 1300 $7,950 $6.12 93d 1 0.28mi
922 Valencia St Unit A San Francisco, CA 3.0 2.5 1250 $8,450 $6.76 93d 1 0.28mi
2874 16th St Unit 2874A San Francisco, CA 2.0 2.0 $4,975 71d 1 0.28mi
2874 16th St Unit 2878A San Francisco, CA 2.0 2.0 $5,300 42d 1 0.28mi
2874 16th St Unit 2876 San Francisco, CA 2.0 2.0 $5,300 56d 1 0.28mi
2874 16th St Unit 4 San Francisco, CA 2.0 2.0 $5,150 93d 1 0.28mi
2874 16th St Unit 2878 San Francisco, CA 2.0 2.0 $5,300 34d 1 0.28mi
783 Guerrero St #779 San Francisco, CA 2.0 1.0 1008 $4,500 $4.46 56d 1 0.29mi
513 Capp St San Francisco, CA 1.0 1.0 $2,995 42d 1 0.30mi
3665a 20th St San Francisco, CA 1.0 1.0 $4,995 61d 1 0.30mi
81 Dorland St San Francisco, CA 1.0 1.0 600 $3,790 $6.32 16d 1 0.30mi
519 Capp St Unit B San Francisco, CA 1.0 1.0 700 $4,800 $6.86 9d 1 0.31mi
519 Capp St Unit 1/2 San Francisco, CA 3.0 1.5 1200 $8,250 $6.88 28d 1 0.31mi
519 Capp St Unit A San Francisco, CA 1.0 1.0 500 $3,850 $7.70 28d 1 0.31mi
1906 Mission St Unit 206 San Francisco, CA 1.0 1.0 100 $1,300 $13.00 43d 1 0.31mi
569-571 Capp St San Francisco, CA 3.0 1.0 1600 $6,995 $4.37 52d 1 0.33mi
1600 15th St San Francisco, CA 1.0–2.0 1.0–2.0 952 $5,722 $6.01 2d 4 0.34mi
1515 15th St #407 San Francisco, CA 2.0 2.0 968 $5,495 $5.68 25d 1 0.34mi
1875 Mission St #210 San Francisco, CA 1.0 1.0 825 $4,000 $4.85 93d 1 0.36mi
1785 15th St Ph 8 San Francisco, CA 2.0 2.0 $7,500 73d 1 0.36mi
1785 15th St Unit 4 San Francisco, CA 1.0 1.0 $4,500 9d 1 0.36mi
606 Capp St San Francisco, CA 2.0 2.0 $5,695 93d 1 0.38mi

Property features AI

Finance

Financial info
Three total unitsThree units leasedAll three units leased month-to-monthUnit mix in occupancy: one 1-bedroom occupied, two 2-bedrooms occupied
HOA & community
No association fee

Exterior

Security
Carbon monoxide detectorsSmoke detectors
Utilities
Gas on a separate meterWater on a separate meter
Home design
Residential income property (Triplex)Three or more levelsBuilt in 1908
Construction
1908 construction
Exterior features
Garden

Interior

Kitchen
Free-standing gas range
Bedrooms
5 bedrooms totalUnit 1 is a cottageUnit 2 is a flat (formal living room used as a bedroom; separate dining room; used as a 3-bedroom flat)Unit 3 is a flat (formal living room used as a bedroom; separate dining room; used as a 3-bedroom flat)
Bathrooms
2 full bathrooms
Heating & cooling
No central cooling
Interior features
Free-standing gas rangeBasement used for storageNo cooling

Listing history 49 events

  1. 2026-08-08
    days on market $1,139,000 Active 94 DOM
  2. 2026-08-06
    days on market $1,139,000 Active 92 DOM
  3. 2026-08-05
    days on market $1,139,000 Active 91 DOM
  4. 2026-08-04
    days on market $1,139,000 Active 90 DOM
  5. 2026-08-03
    days on market $1,139,000 Active 89 DOM
  6. 2026-07-31
    days on market $1,139,000 Active 86 DOM
  7. 2026-07-30
    days on market $1,139,000 Active 85 DOM
  8. 2026-07-30
    days on market $1,139,000 Active 84 DOM
  9. 2026-07-28
    days on market $1,139,000 Active 83 DOM
  10. 2026-07-26
    days on market $1,139,000 Active 81 DOM
  11. 2026-07-24
    days on market $1,139,000 Active 79 DOM
  12. 2026-07-23
    days on market $1,139,000 Active 78 DOM
  13. 2026-07-22
    days on market $1,139,000 Active 77 DOM
  14. 2026-07-21
    days on market $1,139,000 Active 76 DOM
  15. 2026-07-20
    days on market $1,139,000 Active 75 DOM
  16. 2026-07-18
    days on market $1,139,000 Active 73 DOM
  17. 2026-07-18
    days on market $1,139,000 Active 72 DOM
  18. 2026-07-16
    days on market $1,139,000 Active 71 DOM
  19. 2026-07-15
    days on market $1,139,000 Active 70 DOM
  20. 2026-07-14
    days on market $1,139,000 Active 69 DOM
  21. 2026-07-13
    days on market $1,139,000 Active 68 DOM
  22. 2026-07-13
    days on market $1,139,000 Active 67 DOM
  23. 2026-07-11
    days on market $1,139,000 Active 66 DOM
  24. 2026-07-10
    days on market $1,139,000 Active 65 DOM
  25. 2026-07-09
    days on market $1,139,000 Active 64 DOM
  26. 2026-07-07
    days on market $1,139,000 Active 62 DOM
  27. 2026-07-06
    days on market $1,139,000 Active 61 DOM
  28. 2026-07-06
    days on market $1,139,000 Active 60 DOM
  29. 2026-07-05
    days on market $1,139,000 Active 59 DOM
  30. 2026-07-03
    days on market $1,139,000 Active 58 DOM
  31. 2026-07-03
    pricestatus $1,139,000 Active 57 DOM
  32. 2026-06-21
    status $1,229,000 Pending 57 DOM
  33. 2026-06-18
    days on market $1,229,000 Active 57 DOM
  34. 2026-06-17
    days on market $1,229,000 Active 56 DOM
  35. 2026-06-16
    days on market $1,229,000 Active 55 DOM
  36. 2026-06-15
    days on market $1,229,000 Active 54 DOM
  37. 2026-06-13
    days on market $1,229,000 Active 52 DOM
  38. 2026-06-13
    days on market $1,229,000 Active 51 DOM
  39. 2026-06-09
    days on market $1,229,000 Active 48 DOM
  40. 2026-06-08
    days on market $1,229,000 Active 47 DOM
  41. 2026-06-07
    days on market $1,229,000 Active 46 DOM
  42. 2026-06-04
    days on market $1,229,000 Active 43 DOM
  43. 2026-06-03
    days on market $1,229,000 Active 42 DOM
  44. 2026-06-02
    days on market $1,229,000 Active 41 DOM
  45. 2026-06-02
    price $1,229,000 Active 40 DOM
  46. 2026-06-01
    days on market $1,349,000 Active 40 DOM
  47. 2026-05-31
    days on market $1,349,000 Active 39 DOM
  48. 2026-04-22
    status Active 192-char remark
  49. 2026-04-09
    listed $1,349,000 Active 192-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

Current annual tax
$4,524 · $377/mo
Projected year-2 tax
$8,656 · $721/mo
Expected delta
+$4,133/yr (+$344/mo · 91.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

  • 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 14% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 2/10 Low 8 d/yr ≥78°F today · 19 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 8/10 Severe 15 unhealthy d/yr today · 15 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$163,476
− Mortgage interest
−$63,802
− Property taxes
−$4,524
− Insurance
−$5,695
− Repairs & maintenance
−$13,078
− Management
−$13,078
− Depreciation
−$33,135
Taxable income
$30,165
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$7,240
After-tax cash flow
$40,011/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 9 photos

Fair 45/100 Moderate rehab Est. rehab $70,625–$127,125 screening

This multi-family property requires moderate rehabilitation, with repairs needed to the roof, exterior siding, flooring, interior walls/paint, HVAC system, and landscaping. Fresh paint, new flooring, and landscaping can significantly increase its resale and rental value.

Components & finishes AI

Flooring wood

Repairs flagged

  • Major roof — The roof appears to be in poor condition, with visible wear and tear.
  • Moderate exterior siding — The siding is in fair condition, with some discoloration and wear.
  • Minor flooring — The flooring appears to be average, with some wear and tear.
  • Minor interior walls/paint — The interior walls and paint appear to be in average condition, with some wear.
  • Minor HVAC system — The HVAC system appears to be in average condition, with some wear and tear.
  • Minor landscaping — The landscaping and curb appeal appear to be fair, with some overgrown vegetation and lack of maintenance.

Value-add opportunities

  • Resale Paint interior walls and trim — Fresh paint can make a significant difference in the home's appearance and value.
  • Resale Replace flooring — New flooring can improve the home's appearance and increase its value.
  • Resale Repair and paint exterior siding — A fresh coat of paint can improve the home's curb appeal and value.
  • Both Replace HVAC system — A new HVAC system can improve the home's comfort and energy efficiency, benefiting both resale and rental value.
  • Resale Landscaping and curb appeal — A well-maintained landscape can improve the home's curb appeal and value.

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

Zoned Schools

Elementary Sanchez Elementary Middle Everett Middle High Mission High

Schools (NCES district)

District
San Francisco Unified
NCES district ID
0634410
Math proficiency
50% ▬ 0.00%
Reading proficiency
56% ▲ 1.00%
Median HH income
$81,249
Composite
50.14/100
National rank
#4088
State rank
#322 of 1400 in CA
B Composite livability gradescore 76/100

Livability — San Francisco

Score
76/100
State rank
#90
US rank
#3143

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A+ Housing B- Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
San Francisco, CA
County
San Francisco County · 1,030,936 people
City population
827,552
Metro
San Francisco-Oakland-Berkeley, CA
Population (ZIP)
66,865
Household income
$158,351
Rent vs Own
58.2% rent · 41.8% own
Severe rent burden
8% of renters

Population outlook (San Francisco County) Hauer SSP2

Today (2025)
1,030,936 people
By 2030
1,110,409 · +7.7%
By 2040
1,270,010 · +23.2%
By 2050
1,435,001 · +39.2%
By 2075
1,779,074 · +72.6%
By 2100
1,966,767 · +90.8%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Highly diverse neighborhood (Simpson 0.70)
Race & ethnicity
White 41% Hispanic / Latino 32% Asian 16% Two or more races 15% Black 4% Native American 1%
Hispanic origin (detail)
Mexican 16% Puerto Rican 1%
Common ancestry
Lithuanian 3% Italian 2% Romanian 2%
Foreign-born
28% · Canada, China, Vietnam
Languages at home
58% English-only · Spanish 27% Chinese 5% Other Indo-European 2%

Political lean MEDSL · San Francisco

2024 margin
Solid D (+64.8) · D 80.3% · R 15.5% · Other 4.1%
2008→2024 swing
-5.7pp toward R · 2008: 70.5pp · 2024: 64.8pp
All cycles
2024: D+64.8 2020: D+72.5 2016: D+76.1 2012: D+70.2 2008: D+70.5

Not yet ingested

Civics

Price history

-15.6% since first listed
6 events — show timeline
  • 2026-07-03 Relisted San Francisco MLS
  • 2026-07-03 Price Changed $1,139,000 San Francisco MLS
  • 2026-06-18 Pending San Francisco MLS
  • 2026-06-01 Price Changed $1,229,000 San Francisco MLS
  • 2026-04-22 Relisted San Francisco MLS
  • 2026-04-09 Listed $1,349,000 San Francisco MLS

Property tax history

+10.4%/yr

Latest (2025): $4,524 · +83.7% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…