Maine

Maine House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Cumberland
            [dma_name] => Portland-Auburn, ME
            [flips] => 58
            [purchase_price] => 319891
            [resale_price] => 312181
            [gross_margin] => -7710
            [gross_margin_perc] => -2.4102
            [flipcount_rank] => 2
            [flipmargin_rank] => 6
        )

    [1] => Array
        (
            [CountyName] => Kennebec
            [dma_name] => Portland-Auburn, ME
            [flips] => 67
            [purchase_price] => 132000
            [resale_price] => 156250
            [gross_margin] => 24250
            [gross_margin_perc] => 18.3712
            [flipcount_rank] => 1
            [flipmargin_rank] => 5
        )

    [2] => Array
        (
            [CountyName] => Penobscot
            [dma_name] => Bangor, ME
            [flips] => 10
            [purchase_price] => 162457
            [resale_price] => 197375
            [gross_margin] => 34918
            [gross_margin_perc] => 21.4937
            [flipcount_rank] => 5
            [flipmargin_rank] => 4
        )

    [3] => Array
        (
            [CountyName] => Androscoggin
            [dma_name] => Portland-Auburn, ME
            [flips] => 18
            [purchase_price] => 142120
            [resale_price] => 176306
            [gross_margin] => 34186
            [gross_margin_perc] => 24.0543
            [flipcount_rank] => 4
            [flipmargin_rank] => 3
        )

    [4] => Array
        (
            [CountyName] => York
            [dma_name] => Portland-Auburn, ME
            [flips] => 31
            [purchase_price] => 213748
            [resale_price] => 273439
            [gross_margin] => 59691
            [gross_margin_perc] => 27.9259
            [flipcount_rank] => 3
            [flipmargin_rank] => 2
        )

    [5] => Array
        (
            [CountyName] => Sagadahoc
            [dma_name] => Portland-Auburn, ME
            [flips] => 7
            [purchase_price] => 143850
            [resale_price] => 203499
            [gross_margin] => 59649
            [gross_margin_perc] => 41.4661
            [flipcount_rank] => 6
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in ME
CountyMarket AreaProfit Margin
SagadahocPortland-Auburn, ME41%
YorkPortland-Auburn, ME28%
AndroscogginPortland-Auburn, ME24%
PenobscotBangor, ME21%
KennebecPortland-Auburn, ME18%
CumberlandPortland-Auburn, ME-2%
Bottom 5 Counties in ME
CountyMarket AreaProfit Margin
CumberlandPortland-Auburn, ME-2%
KennebecPortland-Auburn, ME18%
PenobscotBangor, ME21%
AndroscogginPortland-Auburn, ME24%
YorkPortland-Auburn, ME28%
SagadahocPortland-Auburn, ME41%

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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