Louisiana

Louisiana House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => 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] => 23
        )

    [1] => 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] => 22
        )

    [2] => 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] => 21
        )

    [3] => 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] => 20
        )

    [4] => 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] => 19
        )

    [5] => 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] => 18
        )

    [6] => 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] => 17
        )

    [7] => 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] => 16
        )

    [8] => 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] => 15
        )

    [9] => 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] => 14
        )

    [10] => 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] => 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] => 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] => 11
        )

    [13] => 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] => 10
        )

    [14] => 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] => 9
        )

    [15] => 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] => 8
        )

    [16] => 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] => 7
        )

    [17] => 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] => 6
        )

    [18] => 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] => 5
        )

    [19] => 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] => 4
        )

    [20] => 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] => 3
        )

    [21] => 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] => 2
        )

    [22] => 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] => 1
        )

)
Top 5 Counties in LA
CountyMarket AreaProfit Margin
West Baton RougeBaton Rouge, LA144%
OuachitaMonroe, LA-El Dorado, AR126%
LafayetteLafayette, LA123%
OrleansNew Orleans, LA108%
CalcasieuLake Charles, LA103%
East Baton RougeBaton Rouge, LA91%
Bottom 5 Counties in LA
CountyMarket AreaProfit Margin
Saint MartinLafayette, LA-38%
De SotoShreveport, LA-3%
WebsterShreveport, LA3%
AscensionBaton Rouge, LA33%
WashingtonNew Orleans, LA34%
Saint TammanyNew Orleans, LA37%

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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