out of 51
State Rank in Flip Profit
Array
(
[0] => 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] => 13
)
[1] => 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] => 12
)
[2] => 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] => 11
)
[3] => 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] => 10
)
[4] => 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] => 9
)
[5] => 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] => 8
)
[6] => 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] => 7
)
[7] => 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] => 6
)
[8] => 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] => 5
)
[9] => 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] => 4
)
[10] => 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] => 3
)
[11] => 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] => 2
)
[12] => 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] => 1
)
)
Top 5 Counties in AZ
County | Market Area | Profit Margin |
Santa Cruz | Tucson (Sierra Vista), AZ | 99% |
---|
Gila | Phoenix, AZ | 77% |
---|
Graham | Phoenix, AZ | 64% |
---|
Cochise | Tucson (Sierra Vista), AZ | 56% |
---|
Yuma | Yuma, AZ-El Centro, CA | 50% |
---|
Navajo | Phoenix, AZ | 36% |
Bottom 5 Counties in AZ
County | Market Area | Profit Margin |
Pinal | Phoenix, AZ | 12% |
---|
Maricopa | Phoenix, AZ | 16% |
---|
Coconino | Phoenix, AZ | 17% |
---|
Yavapai | Phoenix, AZ | 20% |
---|
Apache | Albuquerque-Santa Fe, NM | 24% |
---|
Mohave | Phoenix, AZ | 32% |
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).