Colorado

Colorado House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => San Miguel
            [dma_name] => Denver, CO
            [flips] => 17
            [purchase_price] => 208632
            [resale_price] => 78000
            [gross_margin] => -130632
            [gross_margin_perc] => -62.6136
            [flipcount_rank] => 22
            [flipmargin_rank] => 31
        )

    [1] => Array
        (
            [CountyName] => Summit
            [dma_name] => Denver, CO
            [flips] => 33
            [purchase_price] => 674950
            [resale_price] => 418600
            [gross_margin] => -256350
            [gross_margin_perc] => -37.9806
            [flipcount_rank] => 19
            [flipmargin_rank] => 30
        )

    [2] => Array
        (
            [CountyName] => Routt
            [dma_name] => Denver, CO
            [flips] => 15
            [purchase_price] => 317500
            [resale_price] => 293000
            [gross_margin] => -24500
            [gross_margin_perc] => -7.7165
            [flipcount_rank] => 24
            [flipmargin_rank] => 29
        )

    [3] => Array
        (
            [CountyName] => Chaffee
            [dma_name] => Denver, CO
            [flips] => 10
            [purchase_price] => 300000
            [resale_price] => 305000
            [gross_margin] => 5000
            [gross_margin_perc] => 1.6667
            [flipcount_rank] => 28
            [flipmargin_rank] => 28
        )

    [4] => Array
        (
            [CountyName] => Douglas
            [dma_name] => Denver, CO
            [flips] => 416
            [purchase_price] => 447529
            [resale_price] => 459284
            [gross_margin] => 11755
            [gross_margin_perc] => 2.6266
            [flipcount_rank] => 6
            [flipmargin_rank] => 27
        )

    [5] => Array
        (
            [CountyName] => Eagle
            [dma_name] => Denver, CO
            [flips] => 38
            [purchase_price] => 431039
            [resale_price] => 442895
            [gross_margin] => 11855
            [gross_margin_perc] => 2.7503
            [flipcount_rank] => 16
            [flipmargin_rank] => 26
        )

    [6] => Array
        (
            [CountyName] => Montezuma
            [dma_name] => Albuquerque-Santa Fe, NM
            [flips] => 8
            [purchase_price] => 144000
            [resale_price] => 148000
            [gross_margin] => 4000
            [gross_margin_perc] => 2.7778
            [flipcount_rank] => 29
            [flipmargin_rank] => 25
        )

    [7] => Array
        (
            [CountyName] => Grand
            [dma_name] => Denver, CO
            [flips] => 11
            [purchase_price] => 389000
            [resale_price] => 426000
            [gross_margin] => 37000
            [gross_margin_perc] => 9.5116
            [flipcount_rank] => 27
            [flipmargin_rank] => 24
        )

    [8] => Array
        (
            [CountyName] => Park
            [dma_name] => Denver, CO
            [flips] => 22
            [purchase_price] => 346818
            [resale_price] => 396773
            [gross_margin] => 49955
            [gross_margin_perc] => 14.4038
            [flipcount_rank] => 21
            [flipmargin_rank] => 23
        )

    [9] => Array
        (
            [CountyName] => Alamosa
            [dma_name] => Denver, CO
            [flips] => 6
            [purchase_price] => 138276
            [resale_price] => 159000
            [gross_margin] => 20724
            [gross_margin_perc] => 14.9874
            [flipcount_rank] => 31
            [flipmargin_rank] => 22
        )

    [10] => Array
        (
            [CountyName] => Broomfield
            [dma_name] => 
            [flips] => 104
            [purchase_price] => 376952
            [resale_price] => 436058
            [gross_margin] => 59106
            [gross_margin_perc] => 15.6800
            [flipcount_rank] => 12
            [flipmargin_rank] => 21
        )

    [11] => Array
        (
            [CountyName] => Boulder
            [dma_name] => Denver, CO
            [flips] => 189
            [purchase_price] => 435185
            [resale_price] => 522333
            [gross_margin] => 87148
            [gross_margin_perc] => 20.0255
            [flipcount_rank] => 11
            [flipmargin_rank] => 20
        )

    [12] => Array
        (
            [CountyName] => Arapahoe
            [dma_name] => Denver, CO
            [flips] => 1026
            [purchase_price] => 295804
            [resale_price] => 356140
            [gross_margin] => 60336
            [gross_margin_perc] => 20.3973
            [flipcount_rank] => 3
            [flipmargin_rank] => 19
        )

    [13] => Array
        (
            [CountyName] => Jefferson
            [dma_name] => Denver, CO
            [flips] => 867
            [purchase_price] => 341410
            [resale_price] => 415874
            [gross_margin] => 74464
            [gross_margin_perc] => 21.8107
            [flipcount_rank] => 4
            [flipmargin_rank] => 18
        )

    [14] => Array
        (
            [CountyName] => Larimer
            [dma_name] => Denver, CO
            [flips] => 226
            [purchase_price] => 311084
            [resale_price] => 381257
            [gross_margin] => 70173
            [gross_margin_perc] => 22.5576
            [flipcount_rank] => 10
            [flipmargin_rank] => 17
        )

    [15] => Array
        (
            [CountyName] => Elbert
            [dma_name] => Denver, CO
            [flips] => 13
            [purchase_price] => 274362
            [resale_price] => 337808
            [gross_margin] => 63445
            [gross_margin_perc] => 23.1246
            [flipcount_rank] => 26
            [flipmargin_rank] => 16
        )

    [16] => Array
        (
            [CountyName] => Garfield
            [dma_name] => Denver, CO
            [flips] => 32
            [purchase_price] => 316650
            [resale_price] => 392000
            [gross_margin] => 75350
            [gross_margin_perc] => 23.7960
            [flipcount_rank] => 20
            [flipmargin_rank] => 15
        )

    [17] => Array
        (
            [CountyName] => Denver
            [dma_name] => Denver, CO
            [flips] => 1041
            [purchase_price] => 326196
            [resale_price] => 405605
            [gross_margin] => 79408
            [gross_margin_perc] => 24.3436
            [flipcount_rank] => 2
            [flipmargin_rank] => 14
        )

    [18] => Array
        (
            [CountyName] => Delta
            [dma_name] => Grand Junction-Montrose, CO
            [flips] => 8
            [purchase_price] => 184835
            [resale_price] => 230000
            [gross_margin] => 45165
            [gross_margin_perc] => 24.4353
            [flipcount_rank] => 29
            [flipmargin_rank] => 13
        )

    [19] => Array
        (
            [CountyName] => Pitkin
            [dma_name] => Denver, CO
            [flips] => 34
            [purchase_price] => 147500
            [resale_price] => 185000
            [gross_margin] => 37500
            [gross_margin_perc] => 25.4237
            [flipcount_rank] => 18
            [flipmargin_rank] => 12
        )

    [20] => Array
        (
            [CountyName] => Adams
            [dma_name] => Denver, CO
            [flips] => 713
            [purchase_price] => 264950
            [resale_price] => 346760
            [gross_margin] => 81811
            [gross_margin_perc] => 30.8779
            [flipcount_rank] => 5
            [flipmargin_rank] => 11
        )

    [21] => Array
        (
            [CountyName] => Teller
            [dma_name] => Colorado Springs-Pueblo, CO
            [flips] => 36
            [purchase_price] => 233000
            [resale_price] => 308750
            [gross_margin] => 75750
            [gross_margin_perc] => 32.5107
            [flipcount_rank] => 17
            [flipmargin_rank] => 10
        )

    [22] => Array
        (
            [CountyName] => Archuleta
            [dma_name] => Denver, CO
            [flips] => 17
            [purchase_price] => 287500
            [resale_price] => 383200
            [gross_margin] => 95700
            [gross_margin_perc] => 33.2870
            [flipcount_rank] => 22
            [flipmargin_rank] => 9
        )

    [23] => Array
        (
            [CountyName] => Weld
            [dma_name] => Denver, CO
            [flips] => 342
            [purchase_price] => 235906
            [resale_price] => 328717
            [gross_margin] => 92811
            [gross_margin_perc] => 39.3424
            [flipcount_rank] => 8
            [flipmargin_rank] => 8
        )

    [24] => Array
        (
            [CountyName] => Mesa
            [dma_name] => Grand Junction-Montrose, CO
            [flips] => 231
            [purchase_price] => 165000
            [resale_price] => 232000
            [gross_margin] => 67000
            [gross_margin_perc] => 40.6061
            [flipcount_rank] => 9
            [flipmargin_rank] => 7
        )

    [25] => Array
        (
            [CountyName] => El Paso
            [dma_name] => Colorado Springs-Pueblo, CO
            [flips] => 1267
            [purchase_price] => 205296
            [resale_price] => 296822
            [gross_margin] => 91526
            [gross_margin_perc] => 44.5825
            [flipcount_rank] => 1
            [flipmargin_rank] => 6
        )

    [26] => Array
        (
            [CountyName] => Fremont
            [dma_name] => Colorado Springs-Pueblo, CO
            [flips] => 46
            [purchase_price] => 125530
            [resale_price] => 182500
            [gross_margin] => 56970
            [gross_margin_perc] => 45.3836
            [flipcount_rank] => 15
            [flipmargin_rank] => 5
        )

    [27] => Array
        (
            [CountyName] => Logan
            [dma_name] => Denver, CO
            [flips] => 14
            [purchase_price] => 104286
            [resale_price] => 162179
            [gross_margin] => 57893
            [gross_margin_perc] => 55.5137
            [flipcount_rank] => 25
            [flipmargin_rank] => 4
        )

    [28] => Array
        (
            [CountyName] => La Plata
            [dma_name] => Albuquerque-Santa Fe, NM
            [flips] => 60
            [purchase_price] => 188271
            [resale_price] => 349000
            [gross_margin] => 160729
            [gross_margin_perc] => 85.3711
            [flipcount_rank] => 13
            [flipmargin_rank] => 3
        )

    [29] => Array
        (
            [CountyName] => Pueblo
            [dma_name] => Colorado Springs-Pueblo, CO
            [flips] => 351
            [purchase_price] => 84863
            [resale_price] => 193215
            [gross_margin] => 108352
            [gross_margin_perc] => 127.6787
            [flipcount_rank] => 7
            [flipmargin_rank] => 2
        )

    [30] => Array
        (
            [CountyName] => Morgan
            [dma_name] => Denver, CO
            [flips] => 50
            [purchase_price] => 101440
            [resale_price] => 246970
            [gross_margin] => 145530
            [gross_margin_perc] => 143.4641
            [flipcount_rank] => 14
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in CO
CountyMarket AreaProfit Margin
MorganDenver, CO143%
PuebloColorado Springs-Pueblo, CO128%
La PlataAlbuquerque-Santa Fe, NM85%
LoganDenver, CO56%
FremontColorado Springs-Pueblo, CO45%
El PasoColorado Springs-Pueblo, CO45%
Bottom 5 Counties in CO
CountyMarket AreaProfit Margin
San MiguelDenver, CO-63%
SummitDenver, CO-38%
RouttDenver, CO-8%
ChaffeeDenver, CO2%
DouglasDenver, CO3%
EagleDenver, CO3%

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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