out of 51
State Rank in Flip Profit
Array
(
[0] => Array
(
[CountyName] => Boyle
[dma_name] => Lexington, KY
[flips] => 7
[purchase_price] => 68000
[resale_price] => 68000
[gross_margin] => 0
[gross_margin_perc] => 0.0000
[flipcount_rank] => 20
[flipmargin_rank] => 23
)
[1] => Array
(
[CountyName] => Mercer
[dma_name] => Lexington, KY
[flips] => 6
[purchase_price] => 128000
[resale_price] => 136950
[gross_margin] => 8950
[gross_margin_perc] => 6.9922
[flipcount_rank] => 21
[flipmargin_rank] => 22
)
[2] => Array
(
[CountyName] => Fayette
[dma_name] => Lexington, KY
[flips] => 114
[purchase_price] => 132000
[resale_price] => 142000
[gross_margin] => 10000
[gross_margin_perc] => 7.5758
[flipcount_rank] => 4
[flipmargin_rank] => 21
)
[3] => Array
(
[CountyName] => Breckinridge
[dma_name] => Louisville, KY
[flips] => 8
[purchase_price] => 111550
[resale_price] => 125700
[gross_margin] => 14150
[gross_margin_perc] => 12.6849
[flipcount_rank] => 19
[flipmargin_rank] => 20
)
[4] => Array
(
[CountyName] => Greenup
[dma_name] => Charleston-Huntington, WV
[flips] => 27
[purchase_price] => 53000
[resale_price] => 60100
[gross_margin] => 7100
[gross_margin_perc] => 13.3962
[flipcount_rank] => 12
[flipmargin_rank] => 19
)
[5] => Array
(
[CountyName] => Taylor
[dma_name] => Louisville, KY
[flips] => 15
[purchase_price] => 117750
[resale_price] => 139000
[gross_margin] => 21250
[gross_margin_perc] => 18.0467
[flipcount_rank] => 15
[flipmargin_rank] => 18
)
[6] => Array
(
[CountyName] => Scott
[dma_name] => Lexington, KY
[flips] => 6
[purchase_price] => 146250
[resale_price] => 175450
[gross_margin] => 29200
[gross_margin_perc] => 19.9658
[flipcount_rank] => 21
[flipmargin_rank] => 17
)
[7] => Array
(
[CountyName] => Simpson
[dma_name] => Nashville, TN
[flips] => 14
[purchase_price] => 80000
[resale_price] => 100000
[gross_margin] => 20000
[gross_margin_perc] => 25.0000
[flipcount_rank] => 17
[flipmargin_rank] => 16
)
[8] => Array
(
[CountyName] => Meade
[dma_name] => Louisville, KY
[flips] => 22
[purchase_price] => 113956
[resale_price] => 154500
[gross_margin] => 40544
[gross_margin_perc] => 35.5786
[flipcount_rank] => 13
[flipmargin_rank] => 15
)
[9] => Array
(
[CountyName] => Anderson
[dma_name] => Lexington, KY
[flips] => 9
[purchase_price] => 135100
[resale_price] => 185500
[gross_margin] => 50400
[gross_margin_perc] => 37.3057
[flipcount_rank] => 18
[flipmargin_rank] => 14
)
[10] => Array
(
[CountyName] => Grant
[dma_name] => Cincinnati, OH
[flips] => 28
[purchase_price] => 92000
[resale_price] => 130700
[gross_margin] => 38700
[gross_margin_perc] => 42.0652
[flipcount_rank] => 11
[flipmargin_rank] => 13
)
[11] => Array
(
[CountyName] => Warren
[dma_name] => Bowling Green, KY
[flips] => 97
[purchase_price] => 121500
[resale_price] => 175000
[gross_margin] => 53500
[gross_margin_perc] => 44.0329
[flipcount_rank] => 6
[flipmargin_rank] => 12
)
[12] => Array
(
[CountyName] => Christian
[dma_name] => Nashville, TN
[flips] => 112
[purchase_price] => 70838
[resale_price] => 108937
[gross_margin] => 38098
[gross_margin_perc] => 53.7819
[flipcount_rank] => 5
[flipmargin_rank] => 11
)
[13] => Array
(
[CountyName] => Jefferson
[dma_name] => Louisville, KY
[flips] => 1041
[purchase_price] => 99553
[resale_price] => 162583
[gross_margin] => 63030
[gross_margin_perc] => 63.3130
[flipcount_rank] => 1
[flipmargin_rank] => 10
)
[14] => Array
(
[CountyName] => Muhlenberg
[dma_name] => Evansville, IN
[flips] => 6
[purchase_price] => 42000
[resale_price] => 75000
[gross_margin] => 33000
[gross_margin_perc] => 78.5714
[flipcount_rank] => 21
[flipmargin_rank] => 9
)
[15] => Array
(
[CountyName] => Jessamine
[dma_name] => Lexington, KY
[flips] => 88
[purchase_price] => 95000
[resale_price] => 175700
[gross_margin] => 80700
[gross_margin_perc] => 84.9474
[flipcount_rank] => 8
[flipmargin_rank] => 8
)
[16] => Array
(
[CountyName] => Shelby
[dma_name] => Louisville, KY
[flips] => 22
[purchase_price] => 120000
[resale_price] => 230000
[gross_margin] => 110000
[gross_margin_perc] => 91.6667
[flipcount_rank] => 13
[flipmargin_rank] => 7
)
[17] => Array
(
[CountyName] => Kenton
[dma_name] => Cincinnati, OH
[flips] => 249
[purchase_price] => 72000
[resale_price] => 139000
[gross_margin] => 67000
[gross_margin_perc] => 93.0556
[flipcount_rank] => 2
[flipmargin_rank] => 6
)
[18] => Array
(
[CountyName] => Hardin
[dma_name] => Louisville, KY
[flips] => 97
[purchase_price] => 70000
[resale_price] => 137650
[gross_margin] => 67650
[gross_margin_perc] => 96.6429
[flipcount_rank] => 6
[flipmargin_rank] => 5
)
[19] => Array
(
[CountyName] => Oldham
[dma_name] => Louisville, KY
[flips] => 52
[purchase_price] => 120000
[resale_price] => 253000
[gross_margin] => 133000
[gross_margin_perc] => 110.8333
[flipcount_rank] => 10
[flipmargin_rank] => 4
)
[20] => Array
(
[CountyName] => Spencer
[dma_name] => Louisville, KY
[flips] => 15
[purchase_price] => 99000
[resale_price] => 234000
[gross_margin] => 135000
[gross_margin_perc] => 136.3636
[flipcount_rank] => 15
[flipmargin_rank] => 3
)
[21] => Array
(
[CountyName] => Campbell
[dma_name] => Cincinnati, OH
[flips] => 148
[purchase_price] => 65858
[resale_price] => 181817
[gross_margin] => 115959
[gross_margin_perc] => 176.0743
[flipcount_rank] => 3
[flipmargin_rank] => 2
)
[22] => Array
(
[CountyName] => Boone
[dma_name] => Cincinnati, OH
[flips] => 55
[purchase_price] => 73500
[resale_price] => 244900
[gross_margin] => 171400
[gross_margin_perc] => 233.1973
[flipcount_rank] => 9
[flipmargin_rank] => 1
)
)
Top 5 Counties in KY
County | Market Area | Profit Margin |
Boone | Cincinnati, OH | 233% |
---|
Campbell | Cincinnati, OH | 176% |
---|
Spencer | Louisville, KY | 136% |
---|
Oldham | Louisville, KY | 111% |
---|
Hardin | Louisville, KY | 97% |
---|
Kenton | Cincinnati, OH | 93% |
Bottom 5 Counties in KY
County | Market Area | Profit Margin |
Boyle | Lexington, KY | 0% |
---|
Mercer | Lexington, KY | 7% |
---|
Fayette | Lexington, KY | 8% |
---|
Breckinridge | Louisville, KY | 13% |
---|
Greenup | Charleston-Huntington, WV | 13% |
---|
Taylor | Louisville, KY | 18% |
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).