Alabama

Alabama House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Baldwin
            [dma_name] => Mobile, AL-Pensacola (Ft. Walton Beach), FL
            [flips] => 441
            [purchase_price] => 179571
            [resale_price] => 211094
            [gross_margin] => 31522
            [gross_margin_perc] => 17.5541
            [flipcount_rank] => 4
            [flipmargin_rank] => 18
        )

    [1] => Array
        (
            [CountyName] => Jackson
            [dma_name] => Huntsville-Decatur (Florence), AL
            [flips] => 12
            [purchase_price] => 90000
            [resale_price] => 106000
            [gross_margin] => 16000
            [gross_margin_perc] => 17.7778
            [flipcount_rank] => 16
            [flipmargin_rank] => 17
        )

    [2] => Array
        (
            [CountyName] => Limestone
            [dma_name] => Huntsville-Decatur (Florence), AL
            [flips] => 58
            [purchase_price] => 101000
            [resale_price] => 136500
            [gross_margin] => 35500
            [gross_margin_perc] => 35.1485
            [flipcount_rank] => 10
            [flipmargin_rank] => 16
        )

    [3] => Array
        (
            [CountyName] => Tuscaloosa
            [dma_name] => Birmingham (Anniston and Tuscaloosa), AL
            [flips] => 15
            [purchase_price] => 105000
            [resale_price] => 144000
            [gross_margin] => 39000
            [gross_margin_perc] => 37.1429
            [flipcount_rank] => 15
            [flipmargin_rank] => 15
        )

    [4] => Array
        (
            [CountyName] => Morgan
            [dma_name] => Huntsville-Decatur (Florence), AL
            [flips] => 8
            [purchase_price] => 81457
            [resale_price] => 111950
            [gross_margin] => 30493
            [gross_margin_perc] => 37.4345
            [flipcount_rank] => 17
            [flipmargin_rank] => 14
        )

    [5] => Array
        (
            [CountyName] => Shelby
            [dma_name] => Birmingham (Anniston and Tuscaloosa), AL
            [flips] => 271
            [purchase_price] => 142048
            [resale_price] => 204962
            [gross_margin] => 62914
            [gross_margin_perc] => 44.2907
            [flipcount_rank] => 6
            [flipmargin_rank] => 13
        )

    [6] => Array
        (
            [CountyName] => Colbert
            [dma_name] => Huntsville-Decatur (Florence), AL
            [flips] => 42
            [purchase_price] => 75810
            [resale_price] => 110800
            [gross_margin] => 34990
            [gross_margin_perc] => 46.1549
            [flipcount_rank] => 12
            [flipmargin_rank] => 12
        )

    [7] => Array
        (
            [CountyName] => Madison
            [dma_name] => Huntsville-Decatur (Florence), AL
            [flips] => 743
            [purchase_price] => 91250
            [resale_price] => 134956
            [gross_margin] => 43706
            [gross_margin_perc] => 47.8970
            [flipcount_rank] => 2
            [flipmargin_rank] => 11
        )

    [8] => Array
        (
            [CountyName] => Montgomery
            [dma_name] => Montgomery-Selma, AL
            [flips] => 287
            [purchase_price] => 55590
            [resale_price] => 86955
            [gross_margin] => 31364
            [gross_margin_perc] => 56.4202
            [flipcount_rank] => 5
            [flipmargin_rank] => 10
        )

    [9] => Array
        (
            [CountyName] => Marshall
            [dma_name] => Huntsville-Decatur (Florence), AL
            [flips] => 101
            [purchase_price] => 77554
            [resale_price] => 122426
            [gross_margin] => 44871
            [gross_margin_perc] => 57.8578
            [flipcount_rank] => 8
            [flipmargin_rank] => 9
        )

    [10] => Array
        (
            [CountyName] => Jefferson
            [dma_name] => Birmingham (Anniston and Tuscaloosa), AL
            [flips] => 1415
            [purchase_price] => 60406
            [resale_price] => 105256
            [gross_margin] => 44849
            [gross_margin_perc] => 74.2459
            [flipcount_rank] => 1
            [flipmargin_rank] => 8
        )

    [11] => Array
        (
            [CountyName] => Saint Clair
            [dma_name] => Birmingham (Anniston and Tuscaloosa), AL
            [flips] => 101
            [purchase_price] => 90000
            [resale_price] => 160000
            [gross_margin] => 70000
            [gross_margin_perc] => 77.7778
            [flipcount_rank] => 8
            [flipmargin_rank] => 7
        )

    [12] => Array
        (
            [CountyName] => Mobile
            [dma_name] => Mobile, AL-Pensacola (Ft. Walton Beach), FL
            [flips] => 645
            [purchase_price] => 69500
            [resale_price] => 123900
            [gross_margin] => 54400
            [gross_margin_perc] => 78.2734
            [flipcount_rank] => 3
            [flipmargin_rank] => 6
        )

    [13] => Array
        (
            [CountyName] => Elmore
            [dma_name] => Montgomery-Selma, AL
            [flips] => 47
            [purchase_price] => 95000
            [resale_price] => 169900
            [gross_margin] => 74900
            [gross_margin_perc] => 78.8421
            [flipcount_rank] => 11
            [flipmargin_rank] => 5
        )

    [14] => Array
        (
            [CountyName] => Calhoun
            [dma_name] => Birmingham (Anniston and Tuscaloosa), AL
            [flips] => 151
            [purchase_price] => 53500
            [resale_price] => 104000
            [gross_margin] => 50500
            [gross_margin_perc] => 94.3925
            [flipcount_rank] => 7
            [flipmargin_rank] => 4
        )

    [15] => Array
        (
            [CountyName] => Houston
            [dma_name] => Dothan, AL
            [flips] => 30
            [purchase_price] => 62000
            [resale_price] => 140500
            [gross_margin] => 78500
            [gross_margin_perc] => 126.6129
            [flipcount_rank] => 14
            [flipmargin_rank] => 3
        )

    [16] => Array
        (
            [CountyName] => Coffee
            [dma_name] => Dothan, AL
            [flips] => 37
            [purchase_price] => 50000
            [resale_price] => 126900
            [gross_margin] => 76900
            [gross_margin_perc] => 153.8000
            [flipcount_rank] => 13
            [flipmargin_rank] => 2
        )

    [17] => Array
        (
            [CountyName] => Henry
            [dma_name] => Dothan, AL
            [flips] => 6
            [purchase_price] => 26351
            [resale_price] => 113500
            [gross_margin] => 87149
            [gross_margin_perc] => 330.7237
            [flipcount_rank] => 18
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in AL
CountyMarket AreaProfit Margin
HenryDothan, AL331%
CoffeeDothan, AL154%
HoustonDothan, AL127%
CalhounBirmingham (Anniston and Tuscaloosa), AL94%
ElmoreMontgomery-Selma, AL79%
MobileMobile, AL-Pensacola (Ft. Walton Beach), FL78%
Bottom 5 Counties in AL
CountyMarket AreaProfit Margin
BaldwinMobile, AL-Pensacola (Ft. Walton Beach), FL18%
JacksonHuntsville-Decatur (Florence), AL18%
LimestoneHuntsville-Decatur (Florence), AL35%
TuscaloosaBirmingham (Anniston and Tuscaloosa), AL37%
MorganHuntsville-Decatur (Florence), AL37%
ShelbyBirmingham (Anniston and Tuscaloosa), AL44%

We calculate the profit margin by subtracting the original purchase price of the home from the new resale price across the average flipped house in that particular region (zip, county, or state).

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