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
County | Market Area | Profit Margin |
West Baton Rouge | Baton Rouge, LA | 144% |
---|
Ouachita | Monroe, LA-El Dorado, AR | 126% |
---|
Lafayette | Lafayette, LA | 123% |
---|
Orleans | New Orleans, LA | 108% |
---|
Calcasieu | Lake Charles, LA | 103% |
---|
East Baton Rouge | Baton Rouge, LA | 91% |
Bottom 5 Counties in LA
County | Market Area | Profit Margin |
Saint Martin | Lafayette, LA | -38% |
---|
De Soto | Shreveport, LA | -3% |
---|
Webster | Shreveport, LA | 3% |
---|
Ascension | Baton Rouge, LA | 33% |
---|
Washington | New Orleans, LA | 34% |
---|
Saint Tammany | New Orleans, LA | 37% |
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).