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
County | Market Area | Profit Margin |
Henry | Dothan, AL | 331% |
---|
Coffee | Dothan, AL | 154% |
---|
Houston | Dothan, AL | 127% |
---|
Calhoun | Birmingham (Anniston and Tuscaloosa), AL | 94% |
---|
Elmore | Montgomery-Selma, AL | 79% |
---|
Mobile | Mobile, AL-Pensacola (Ft. Walton Beach), FL | 78% |
Bottom 5 Counties in AL
County | Market Area | Profit Margin |
Baldwin | Mobile, AL-Pensacola (Ft. Walton Beach), FL | 18% |
---|
Jackson | Huntsville-Decatur (Florence), AL | 18% |
---|
Limestone | Huntsville-Decatur (Florence), AL | 35% |
---|
Tuscaloosa | Birmingham (Anniston and Tuscaloosa), AL | 37% |
---|
Morgan | Huntsville-Decatur (Florence), AL | 37% |
---|
Shelby | Birmingham (Anniston and Tuscaloosa), AL | 44% |
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).