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
| County | Market Area | Profit Margin |
|---|
| Sussex | Salisbury, MD | 247% |
|---|
| Kent | Philadelphia, PA | 165% |
|---|
| New Castle | Philadelphia, PA | 87% |
|---|
Bottom 5 Counties in DE
| County | Market Area | Profit Margin |
|---|
| New Castle | Philadelphia, PA | 87% |
|---|
| Kent | Philadelphia, PA | 165% |
|---|
| Sussex | Salisbury, MD | 247% |
|---|
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).
