Delaware

Delaware House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => New Castle
            [dma_name] => Philadelphia, PA
            [flips] => 692
            [purchase_price] => 109335
            [resale_price] => 204335
            [gross_margin] => 95000
            [gross_margin_perc] => 86.8889
            [flipcount_rank] => 1
            [flipmargin_rank] => 3
        )

    [1] => Array
        (
            [CountyName] => Kent
            [dma_name] => Philadelphia, PA
            [flips] => 161
            [purchase_price] => 82550
            [resale_price] => 218882
            [gross_margin] => 136332
            [gross_margin_perc] => 165.1508
            [flipcount_rank] => 3
            [flipmargin_rank] => 2
        )

    [2] => Array
        (
            [CountyName] => Sussex
            [dma_name] => Salisbury, MD
            [flips] => 600
            [purchase_price] => 112062
            [resale_price] => 389229
            [gross_margin] => 277167
            [gross_margin_perc] => 247.3336
            [flipcount_rank] => 2
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in DE
CountyMarket AreaProfit Margin
SussexSalisbury, MD247%
KentPhiladelphia, PA165%
New CastlePhiladelphia, PA87%
Bottom 5 Counties in DE
CountyMarket AreaProfit Margin
New CastlePhiladelphia, PA87%
KentPhiladelphia, PA165%
SussexSalisbury, MD247%

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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