out of 51
State Rank in Flip Profit
Array
(
[0] => 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] => 8
)
[1] => 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] => 7
)
[2] => 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] => 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] => 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] => 4
)
[5] => 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] => 3
)
[6] => 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] => 2
)
[7] => 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] => 1
)
)
Top 5 Counties in CT
County | Market Area | Profit Margin |
Hartford | Hartford & New Haven, CT | 72% |
---|
New Haven | Hartford & New Haven, CT | 65% |
---|
Fairfield | New York, NY | 52% |
---|
New London | Hartford & New Haven, CT | 86% |
---|
Litchfield | Hartford & New Haven, CT | 70% |
---|
Middlesex | Hartford & New Haven, CT | 62% |
Bottom 5 Counties in CT
County | Market Area | Profit Margin |
Windham | Hartford & New Haven, CT | 122% |
---|
Tolland | Hartford & New Haven, CT | 74% |
---|
Middlesex | Hartford & New Haven, CT | 62% |
---|
Litchfield | Hartford & New Haven, CT | 70% |
---|
New London | Hartford & New Haven, CT | 86% |
---|
Fairfield | New York, NY | 52% |
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).