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