out of 51
State Rank in Flip Profit
Array
(
[0] => Array
(
[CountyName] => Cowley
[dma_name] => Wichita-Hutchinson Plus, KS
[flips] => 6
[purchase_price] => 118023
[resale_price] => 104875
[gross_margin] => -13148
[gross_margin_perc] => -11.1402
[flipcount_rank] => 11
[flipmargin_rank] => 11
)
[1] => Array
(
[CountyName] => Douglas
[dma_name] => Kansas City, MO
[flips] => 55
[purchase_price] => 216000
[resale_price] => 248250
[gross_margin] => 32250
[gross_margin_perc] => 14.9306
[flipcount_rank] => 5
[flipmargin_rank] => 10
)
[2] => Array
(
[CountyName] => Miami
[dma_name] => Kansas City, MO
[flips] => 22
[purchase_price] => 274754
[resale_price] => 325497
[gross_margin] => 50743
[gross_margin_perc] => 18.4685
[flipcount_rank] => 8
[flipmargin_rank] => 9
)
[3] => Array
(
[CountyName] => Johnson
[dma_name] => Kansas City, MO
[flips] => 377
[purchase_price] => 279500
[resale_price] => 342954
[gross_margin] => 63454
[gross_margin_perc] => 22.7027
[flipcount_rank] => 1
[flipmargin_rank] => 8
)
[4] => Array
(
[CountyName] => Shawnee
[dma_name] => Topeka, KS
[flips] => 79
[purchase_price] => 108000
[resale_price] => 138833
[gross_margin] => 30833
[gross_margin_perc] => 28.5491
[flipcount_rank] => 4
[flipmargin_rank] => 7
)
[5] => Array
(
[CountyName] => Butler
[dma_name] => Wichita-Hutchinson Plus, KS
[flips] => 54
[purchase_price] => 118944
[resale_price] => 155636
[gross_margin] => 36691
[gross_margin_perc] => 30.8473
[flipcount_rank] => 6
[flipmargin_rank] => 6
)
[6] => Array
(
[CountyName] => Sedgwick
[dma_name] => Wichita-Hutchinson Plus, KS
[flips] => 372
[purchase_price] => 126250
[resale_price] => 175514
[gross_margin] => 49264
[gross_margin_perc] => 39.0210
[flipcount_rank] => 2
[flipmargin_rank] => 5
)
[7] => Array
(
[CountyName] => Wyandotte
[dma_name] => Kansas City, MO
[flips] => 161
[purchase_price] => 101735
[resale_price] => 146000
[gross_margin] => 44265
[gross_margin_perc] => 43.5101
[flipcount_rank] => 3
[flipmargin_rank] => 4
)
[8] => Array
(
[CountyName] => Finney
[dma_name] => Wichita-Hutchinson Plus, KS
[flips] => 31
[purchase_price] => 117222
[resale_price] => 169225
[gross_margin] => 52003
[gross_margin_perc] => 44.3628
[flipcount_rank] => 7
[flipmargin_rank] => 3
)
[9] => Array
(
[CountyName] => Saline
[dma_name] => Wichita-Hutchinson Plus, KS
[flips] => 11
[purchase_price] => 141719
[resale_price] => 223500
[gross_margin] => 81781
[gross_margin_perc] => 57.7064
[flipcount_rank] => 9
[flipmargin_rank] => 2
)
[10] => Array
(
[CountyName] => Geary
[dma_name] => Topeka, KS
[flips] => 9
[purchase_price] => 82900
[resale_price] => 173883
[gross_margin] => 90983
[gross_margin_perc] => 109.7503
[flipcount_rank] => 10
[flipmargin_rank] => 1
)
)
Top 5 Counties in KS
County | Market Area | Profit Margin |
Geary | Topeka, KS | 110% |
---|
Saline | Wichita-Hutchinson Plus, KS | 58% |
---|
Finney | Wichita-Hutchinson Plus, KS | 44% |
---|
Wyandotte | Kansas City, MO | 44% |
---|
Sedgwick | Wichita-Hutchinson Plus, KS | 39% |
---|
Butler | Wichita-Hutchinson Plus, KS | 31% |
Bottom 5 Counties in KS
County | Market Area | Profit Margin |
Cowley | Wichita-Hutchinson Plus, KS | -11% |
---|
Douglas | Kansas City, MO | 15% |
---|
Miami | Kansas City, MO | 18% |
---|
Johnson | Kansas City, MO | 23% |
---|
Shawnee | Topeka, KS | 29% |
---|
Butler | Wichita-Hutchinson Plus, KS | 31% |
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).