out of 51
State Rank in Flip Profit
Array
(
[0] => Array
(
[CountyName] => Fremont
[dma_name] => Idaho Falls-Pocatello, ID
[flips] => 8
[purchase_price] => 195580
[resale_price] => 166666
[gross_margin] => -28914
[gross_margin_perc] => -14.7837
[flipcount_rank] => 12
[flipmargin_rank] => 13
)
[1] => Array
(
[CountyName] => Twin Falls
[dma_name] => Twin Falls, ID
[flips] => 75
[purchase_price] => 215020
[resale_price] => 222063
[gross_margin] => 7043
[gross_margin_perc] => 3.2755
[flipcount_rank] => 5
[flipmargin_rank] => 12
)
[2] => Array
(
[CountyName] => Valley
[dma_name] => Boise, ID
[flips] => 24
[purchase_price] => 322000
[resale_price] => 339815
[gross_margin] => 17815
[gross_margin_perc] => 5.5326
[flipcount_rank] => 6
[flipmargin_rank] => 11
)
[3] => Array
(
[CountyName] => Franklin
[dma_name] => Salt Lake City, UT
[flips] => 8
[purchase_price] => 150000
[resale_price] => 160000
[gross_margin] => 10000
[gross_margin_perc] => 6.6667
[flipcount_rank] => 12
[flipmargin_rank] => 10
)
[4] => Array
(
[CountyName] => Kootenai
[dma_name] => Spokane, WA
[flips] => 113
[purchase_price] => 237605
[resale_price] => 266000
[gross_margin] => 28395
[gross_margin_perc] => 11.9505
[flipcount_rank] => 4
[flipmargin_rank] => 9
)
[5] => Array
(
[CountyName] => Ada
[dma_name] => Boise, ID
[flips] => 349
[purchase_price] => 271365
[resale_price] => 324041
[gross_margin] => 52677
[gross_margin_perc] => 19.4119
[flipcount_rank] => 1
[flipmargin_rank] => 8
)
[6] => Array
(
[CountyName] => Bonneville
[dma_name] => Idaho Falls-Pocatello, ID
[flips] => 121
[purchase_price] => 161475
[resale_price] => 195076
[gross_margin] => 33601
[gross_margin_perc] => 20.8088
[flipcount_rank] => 3
[flipmargin_rank] => 7
)
[7] => Array
(
[CountyName] => Canyon
[dma_name] => Boise, ID
[flips] => 218
[purchase_price] => 199192
[resale_price] => 242151
[gross_margin] => 42959
[gross_margin_perc] => 21.5666
[flipcount_rank] => 2
[flipmargin_rank] => 6
)
[8] => Array
(
[CountyName] => Shoshone
[dma_name] => Spokane, WA
[flips] => 10
[purchase_price] => 117613
[resale_price] => 147537
[gross_margin] => 29924
[gross_margin_perc] => 25.4428
[flipcount_rank] => 10
[flipmargin_rank] => 5
)
[9] => Array
(
[CountyName] => Jerome
[dma_name] => Twin Falls, ID
[flips] => 9
[purchase_price] => 120609
[resale_price] => 175596
[gross_margin] => 54987
[gross_margin_perc] => 45.5911
[flipcount_rank] => 11
[flipmargin_rank] => 4
)
[10] => Array
(
[CountyName] => Washington
[dma_name] => Boise, ID
[flips] => 12
[purchase_price] => 86507
[resale_price] => 142676
[gross_margin] => 56169
[gross_margin_perc] => 64.9300
[flipcount_rank] => 9
[flipmargin_rank] => 3
)
[11] => Array
(
[CountyName] => Elmore
[dma_name] => Boise, ID
[flips] => 24
[purchase_price] => 98283
[resale_price] => 165264
[gross_margin] => 66981
[gross_margin_perc] => 68.1512
[flipcount_rank] => 6
[flipmargin_rank] => 2
)
[12] => Array
(
[CountyName] => Bannock
[dma_name] => Idaho Falls-Pocatello, ID
[flips] => 22
[purchase_price] => 93000
[resale_price] => 234125
[gross_margin] => 141125
[gross_margin_perc] => 151.7473
[flipcount_rank] => 8
[flipmargin_rank] => 1
)
)
Top 5 Counties in ID
County | Market Area | Profit Margin |
Bannock | Idaho Falls-Pocatello, ID | 152% |
---|
Elmore | Boise, ID | 68% |
---|
Washington | Boise, ID | 65% |
---|
Jerome | Twin Falls, ID | 46% |
---|
Shoshone | Spokane, WA | 25% |
---|
Canyon | Boise, ID | 22% |
Bottom 5 Counties in ID
County | Market Area | Profit Margin |
Fremont | Idaho Falls-Pocatello, ID | -15% |
---|
Twin Falls | Twin Falls, ID | 3% |
---|
Valley | Boise, ID | 6% |
---|
Franklin | Salt Lake City, UT | 7% |
---|
Kootenai | Spokane, WA | 12% |
---|
Ada | Boise, ID | 19% |
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).