Arizona

Arizona House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Apache
            [dma_name] => Albuquerque-Santa Fe, NM
            [flips] => 8
            [purchase_price] => 138678
            [resale_price] => 172250
            [gross_margin] => 33572
            [gross_margin_perc] => 24.2086
            [flipcount_rank] => 13
            [flipmargin_rank] => 13
        )

    [1] => Array
        (
            [CountyName] => Gila
            [dma_name] => Phoenix, AZ
            [flips] => 25
            [purchase_price] => 120000
            [resale_price] => 212500
            [gross_margin] => 92500
            [gross_margin_perc] => 77.0833
            [flipcount_rank] => 12
            [flipmargin_rank] => 12
        )

    [2] => Array
        (
            [CountyName] => Graham
            [dma_name] => Phoenix, AZ
            [flips] => 39
            [purchase_price] => 110000
            [resale_price] => 179900
            [gross_margin] => 69900
            [gross_margin_perc] => 63.5455
            [flipcount_rank] => 11
            [flipmargin_rank] => 11
        )

    [3] => Array
        (
            [CountyName] => Coconino
            [dma_name] => Phoenix, AZ
            [flips] => 48
            [purchase_price] => 240729
            [resale_price] => 281758
            [gross_margin] => 41029
            [gross_margin_perc] => 17.0436
            [flipcount_rank] => 10
            [flipmargin_rank] => 10
        )

    [4] => Array
        (
            [CountyName] => Santa Cruz
            [dma_name] => Tucson (Sierra Vista), AZ
            [flips] => 56
            [purchase_price] => 78198
            [resale_price] => 155402
            [gross_margin] => 77204
            [gross_margin_perc] => 98.7289
            [flipcount_rank] => 9
            [flipmargin_rank] => 9
        )

    [5] => Array
        (
            [CountyName] => Navajo
            [dma_name] => Phoenix, AZ
            [flips] => 71
            [purchase_price] => 165000
            [resale_price] => 225000
            [gross_margin] => 60000
            [gross_margin_perc] => 36.3636
            [flipcount_rank] => 8
            [flipmargin_rank] => 8
        )

    [6] => Array
        (
            [CountyName] => Cochise
            [dma_name] => Tucson (Sierra Vista), AZ
            [flips] => 138
            [purchase_price] => 100038
            [resale_price] => 156471
            [gross_margin] => 56433
            [gross_margin_perc] => 56.4116
            [flipcount_rank] => 7
            [flipmargin_rank] => 7
        )

    [7] => Array
        (
            [CountyName] => Yuma
            [dma_name] => Yuma, AZ-El Centro, CA
            [flips] => 139
            [purchase_price] => 113293
            [resale_price] => 169504
            [gross_margin] => 56211
            [gross_margin_perc] => 49.6156
            [flipcount_rank] => 6
            [flipmargin_rank] => 6
        )

    [8] => Array
        (
            [CountyName] => Yavapai
            [dma_name] => Phoenix, AZ
            [flips] => 188
            [purchase_price] => 252264
            [resale_price] => 302000
            [gross_margin] => 49736
            [gross_margin_perc] => 19.7159
            [flipcount_rank] => 5
            [flipmargin_rank] => 5
        )

    [9] => Array
        (
            [CountyName] => Mohave
            [dma_name] => Phoenix, AZ
            [flips] => 266
            [purchase_price] => 148250
            [resale_price] => 196000
            [gross_margin] => 47750
            [gross_margin_perc] => 32.2091
            [flipcount_rank] => 4
            [flipmargin_rank] => 4
        )

    [10] => Array
        (
            [CountyName] => Pinal
            [dma_name] => Phoenix, AZ
            [flips] => 1114
            [purchase_price] => 193357
            [resale_price] => 215694
            [gross_margin] => 22338
            [gross_margin_perc] => 11.5527
            [flipcount_rank] => 3
            [flipmargin_rank] => 3
        )

    [11] => Array
        (
            [CountyName] => Pima
            [dma_name] => Tucson (Sierra Vista), AZ
            [flips] => 1474
            [purchase_price] => 150424
            [resale_price] => 202714
            [gross_margin] => 52290
            [gross_margin_perc] => 34.7617
            [flipcount_rank] => 2
            [flipmargin_rank] => 2
        )

    [12] => Array
        (
            [CountyName] => Maricopa
            [dma_name] => Phoenix, AZ
            [flips] => 11363
            [purchase_price] => 228452
            [resale_price] => 265471
            [gross_margin] => 37019
            [gross_margin_perc] => 16.2043
            [flipcount_rank] => 1
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in AZ
CountyMarket AreaProfit Margin
MaricopaPhoenix, AZ16%
PimaTucson (Sierra Vista), AZ35%
PinalPhoenix, AZ12%
MohavePhoenix, AZ32%
YavapaiPhoenix, AZ20%
YumaYuma, AZ-El Centro, CA50%
Bottom 5 Counties in AZ
CountyMarket AreaProfit Margin
ApacheAlbuquerque-Santa Fe, NM24%
GilaPhoenix, AZ77%
GrahamPhoenix, AZ64%
CoconinoPhoenix, AZ17%
Santa CruzTucson (Sierra Vista), AZ99%
NavajoPhoenix, AZ36%

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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