Connecticut

Connecticut House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Fairfield
            [dma_name] => New York, NY
            [flips] => 330
            [purchase_price] => 218731
            [resale_price] => 331401
            [gross_margin] => 112670
            [gross_margin_perc] => 51.5108
            [flipcount_rank] => 3
            [flipmargin_rank] => 8
        )

    [1] => Array
        (
            [CountyName] => Middlesex
            [dma_name] => Hartford & New Haven, CT
            [flips] => 57
            [purchase_price] => 130132
            [resale_price] => 211088
            [gross_margin] => 80956
            [gross_margin_perc] => 62.2107
            [flipcount_rank] => 6
            [flipmargin_rank] => 7
        )

    [2] => Array
        (
            [CountyName] => New Haven
            [dma_name] => Hartford & New Haven, CT
            [flips] => 395
            [purchase_price] => 130084
            [resale_price] => 215152
            [gross_margin] => 85068
            [gross_margin_perc] => 65.3947
            [flipcount_rank] => 2
            [flipmargin_rank] => 6
        )

    [3] => Array
        (
            [CountyName] => Litchfield
            [dma_name] => Hartford & New Haven, CT
            [flips] => 72
            [purchase_price] => 104674
            [resale_price] => 177958
            [gross_margin] => 73284
            [gross_margin_perc] => 70.0117
            [flipcount_rank] => 5
            [flipmargin_rank] => 5
        )

    [4] => Array
        (
            [CountyName] => Hartford
            [dma_name] => Hartford & New Haven, CT
            [flips] => 475
            [purchase_price] => 119606
            [resale_price] => 205648
            [gross_margin] => 86043
            [gross_margin_perc] => 71.9387
            [flipcount_rank] => 1
            [flipmargin_rank] => 4
        )

    [5] => Array
        (
            [CountyName] => Tolland
            [dma_name] => Hartford & New Haven, CT
            [flips] => 49
            [purchase_price] => 115100
            [resale_price] => 200000
            [gross_margin] => 84900
            [gross_margin_perc] => 73.7619
            [flipcount_rank] => 7
            [flipmargin_rank] => 3
        )

    [6] => Array
        (
            [CountyName] => New London
            [dma_name] => Hartford & New Haven, CT
            [flips] => 105
            [purchase_price] => 109406
            [resale_price] => 203695
            [gross_margin] => 94290
            [gross_margin_perc] => 86.1836
            [flipcount_rank] => 4
            [flipmargin_rank] => 2
        )

    [7] => Array
        (
            [CountyName] => Windham
            [dma_name] => Hartford & New Haven, CT
            [flips] => 46
            [purchase_price] => 86450
            [resale_price] => 192000
            [gross_margin] => 105550
            [gross_margin_perc] => 122.0937
            [flipcount_rank] => 8
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in CT
CountyMarket AreaProfit Margin
WindhamHartford & New Haven, CT122%
New LondonHartford & New Haven, CT86%
TollandHartford & New Haven, CT74%
HartfordHartford & New Haven, CT72%
LitchfieldHartford & New Haven, CT70%
New HavenHartford & New Haven, CT65%
Bottom 5 Counties in CT
CountyMarket AreaProfit Margin
FairfieldNew York, NY52%
MiddlesexHartford & New Haven, CT62%
New HavenHartford & New Haven, CT65%
LitchfieldHartford & New Haven, CT70%
HartfordHartford & New Haven, CT72%
TollandHartford & New Haven, CT74%

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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