out of 51
State Rank in Flip Profit
Array
(
[0] => Array
(
[CountyName] => West Baton Rouge
[dma_name] => Baton Rouge, LA
[flips] => 6
[purchase_price] => 67500
[resale_price] => 165000
[gross_margin] => 97500
[gross_margin_perc] => 144.4444
[flipcount_rank] => 22
[flipmargin_rank] => 23
)
[1] => Array
(
[CountyName] => Saint Landry
[dma_name] => Lafayette, LA
[flips] => 6
[purchase_price] => 73350
[resale_price] => 125750
[gross_margin] => 52400
[gross_margin_perc] => 71.4383
[flipcount_rank] => 22
[flipmargin_rank] => 22
)
[2] => Array
(
[CountyName] => Rapides
[dma_name] => Alexandria, LA
[flips] => 7
[purchase_price] => 90125
[resale_price] => 140000
[gross_margin] => 49875
[gross_margin_perc] => 55.3398
[flipcount_rank] => 21
[flipmargin_rank] => 21
)
[3] => Array
(
[CountyName] => De Soto
[dma_name] => Shreveport, LA
[flips] => 9
[purchase_price] => 239500
[resale_price] => 233000
[gross_margin] => -6500
[gross_margin_perc] => -2.7140
[flipcount_rank] => 20
[flipmargin_rank] => 20
)
[4] => Array
(
[CountyName] => Ouachita
[dma_name] => Monroe, LA-El Dorado, AR
[flips] => 10
[purchase_price] => 68000
[resale_price] => 153950
[gross_margin] => 85950
[gross_margin_perc] => 126.3971
[flipcount_rank] => 19
[flipmargin_rank] => 19
)
[5] => Array
(
[CountyName] => Webster
[dma_name] => Shreveport, LA
[flips] => 15
[purchase_price] => 1380
[resale_price] => 1425
[gross_margin] => 45
[gross_margin_perc] => 3.2609
[flipcount_rank] => 18
[flipmargin_rank] => 18
)
[6] => Array
(
[CountyName] => Beauregard
[dma_name] => Lake Charles, LA
[flips] => 16
[purchase_price] => 80000
[resale_price] => 130000
[gross_margin] => 50000
[gross_margin_perc] => 62.5000
[flipcount_rank] => 17
[flipmargin_rank] => 17
)
[7] => Array
(
[CountyName] => Washington
[dma_name] => New Orleans, LA
[flips] => 19
[purchase_price] => 10400
[resale_price] => 13888
[gross_margin] => 3488
[gross_margin_perc] => 33.5385
[flipcount_rank] => 15
[flipmargin_rank] => 16
)
[8] => Array
(
[CountyName] => Saint Martin
[dma_name] => Lafayette, LA
[flips] => 19
[purchase_price] => 1686
[resale_price] => 1042
[gross_margin] => -644
[gross_margin_perc] => -38.1969
[flipcount_rank] => 15
[flipmargin_rank] => 15
)
[9] => Array
(
[CountyName] => Saint Tammany
[dma_name] => New Orleans, LA
[flips] => 27
[purchase_price] => 133000
[resale_price] => 181900
[gross_margin] => 48900
[gross_margin_perc] => 36.7669
[flipcount_rank] => 14
[flipmargin_rank] => 14
)
[10] => Array
(
[CountyName] => Saint Charles
[dma_name] => New Orleans, LA
[flips] => 32
[purchase_price] => 96250
[resale_price] => 171500
[gross_margin] => 75250
[gross_margin_perc] => 78.1818
[flipcount_rank] => 13
[flipmargin_rank] => 13
)
[11] => Array
(
[CountyName] => Terrebonne
[dma_name] => New Orleans, LA
[flips] => 36
[purchase_price] => 75700
[resale_price] => 128500
[gross_margin] => 52800
[gross_margin_perc] => 69.7490
[flipcount_rank] => 12
[flipmargin_rank] => 12
)
[12] => Array
(
[CountyName] => Lafourche
[dma_name] => New Orleans, LA
[flips] => 53
[purchase_price] => 79008
[resale_price] => 144109
[gross_margin] => 65101
[gross_margin_perc] => 82.3980
[flipcount_rank] => 11
[flipmargin_rank] => 11
)
[13] => Array
(
[CountyName] => Calcasieu
[dma_name] => Lake Charles, LA
[flips] => 74
[purchase_price] => 73750
[resale_price] => 149950
[gross_margin] => 76200
[gross_margin_perc] => 103.3220
[flipcount_rank] => 10
[flipmargin_rank] => 10
)
[14] => Array
(
[CountyName] => Lafayette
[dma_name] => Lafayette, LA
[flips] => 84
[purchase_price] => 100000
[resale_price] => 223000
[gross_margin] => 123000
[gross_margin_perc] => 123.0000
[flipcount_rank] => 9
[flipmargin_rank] => 9
)
[15] => Array
(
[CountyName] => Ascension
[dma_name] => Baton Rouge, LA
[flips] => 90
[purchase_price] => 139750
[resale_price] => 185246
[gross_margin] => 45496
[gross_margin_perc] => 32.5553
[flipcount_rank] => 8
[flipmargin_rank] => 8
)
[16] => Array
(
[CountyName] => Bossier
[dma_name] => Shreveport, LA
[flips] => 105
[purchase_price] => 105467
[resale_price] => 154967
[gross_margin] => 49500
[gross_margin_perc] => 46.9341
[flipcount_rank] => 7
[flipmargin_rank] => 7
)
[17] => Array
(
[CountyName] => Tangipahoa
[dma_name] => New Orleans, LA
[flips] => 117
[purchase_price] => 101930
[resale_price] => 151779
[gross_margin] => 49850
[gross_margin_perc] => 48.9061
[flipcount_rank] => 6
[flipmargin_rank] => 6
)
[18] => Array
(
[CountyName] => Livingston
[dma_name] => Baton Rouge, LA
[flips] => 161
[purchase_price] => 100500
[resale_price] => 160000
[gross_margin] => 59500
[gross_margin_perc] => 59.2040
[flipcount_rank] => 5
[flipmargin_rank] => 5
)
[19] => Array
(
[CountyName] => Caddo
[dma_name] => Shreveport, LA
[flips] => 207
[purchase_price] => 74570
[resale_price] => 133072
[gross_margin] => 58502
[gross_margin_perc] => 78.4525
[flipcount_rank] => 4
[flipmargin_rank] => 4
)
[20] => Array
(
[CountyName] => East Baton Rouge
[dma_name] => Baton Rouge, LA
[flips] => 330
[purchase_price] => 87336
[resale_price] => 167185
[gross_margin] => 79849
[gross_margin_perc] => 91.4274
[flipcount_rank] => 3
[flipmargin_rank] => 3
)
[21] => Array
(
[CountyName] => Orleans
[dma_name] => New Orleans, LA
[flips] => 415
[purchase_price] => 89529
[resale_price] => 185922
[gross_margin] => 96393
[gross_margin_perc] => 107.6668
[flipcount_rank] => 2
[flipmargin_rank] => 2
)
[22] => Array
(
[CountyName] => Jefferson
[dma_name] => New Orleans, LA
[flips] => 530
[purchase_price] => 106746
[resale_price] => 189761
[gross_margin] => 83016
[gross_margin_perc] => 77.7697
[flipcount_rank] => 1
[flipmargin_rank] => 1
)
)
Top 5 Counties in LA
County | Market Area | Profit Margin |
Jefferson | New Orleans, LA | 78% |
---|
Orleans | New Orleans, LA | 108% |
---|
East Baton Rouge | Baton Rouge, LA | 91% |
---|
Caddo | Shreveport, LA | 78% |
---|
Livingston | Baton Rouge, LA | 59% |
---|
Tangipahoa | New Orleans, LA | 49% |
Bottom 5 Counties in LA
County | Market Area | Profit Margin |
West Baton Rouge | Baton Rouge, LA | 144% |
---|
Saint Landry | Lafayette, LA | 71% |
---|
Rapides | Alexandria, LA | 55% |
---|
De Soto | Shreveport, LA | -3% |
---|
Ouachita | Monroe, LA-El Dorado, AR | 126% |
---|
Webster | Shreveport, LA | 3% |
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).