Kansas

Kansas House Flipping Profitability

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] => 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] => 10
        )

    [2] => 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] => 9
        )

    [3] => 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] => 8
        )

    [4] => 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] => 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] => 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] => 5
        )

    [7] => 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] => 4
        )

    [8] => 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] => 3
        )

    [9] => 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] => 2
        )

    [10] => 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] => 1
        )

)
Top 5 Counties in KS
CountyMarket AreaProfit Margin
JohnsonKansas City, MO23%
SedgwickWichita-Hutchinson Plus, KS39%
WyandotteKansas City, MO44%
ShawneeTopeka, KS29%
DouglasKansas City, MO15%
ButlerWichita-Hutchinson Plus, KS31%
Bottom 5 Counties in KS
CountyMarket AreaProfit Margin
CowleyWichita-Hutchinson Plus, KS-11%
GearyTopeka, KS110%
SalineWichita-Hutchinson Plus, KS58%
MiamiKansas City, MO18%
FinneyWichita-Hutchinson Plus, KS44%
ButlerWichita-Hutchinson Plus, KS31%

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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