Massachusetts

Massachusetts House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Franklin
            [dma_name] => Springfield-Holyoke, MA
            [flips] => 16
            [purchase_price] => 131875
            [resale_price] => 167625
            [gross_margin] => 35750
            [gross_margin_perc] => 27.1090
            [flipcount_rank] => 12
            [flipmargin_rank] => 12
        )

    [1] => Array
        (
            [CountyName] => Berkshire
            [dma_name] => Albany-Schenectady-Troy, NY
            [flips] => 34
            [purchase_price] => 116417
            [resale_price] => 158659
            [gross_margin] => 42242
            [gross_margin_perc] => 36.2851
            [flipcount_rank] => 11
            [flipmargin_rank] => 11
        )

    [2] => Array
        (
            [CountyName] => Hampshire
            [dma_name] => Springfield-Holyoke, MA
            [flips] => 45
            [purchase_price] => 165719
            [resale_price] => 278489
            [gross_margin] => 112770
            [gross_margin_perc] => 68.0489
            [flipcount_rank] => 10
            [flipmargin_rank] => 10
        )

    [3] => Array
        (
            [CountyName] => Barnstable
            [dma_name] => Boston, MA (Manchester, NH)
            [flips] => 102
            [purchase_price] => 258651
            [resale_price] => 354382
            [gross_margin] => 95731
            [gross_margin_perc] => 37.0116
            [flipcount_rank] => 9
            [flipmargin_rank] => 9
        )

    [4] => Array
        (
            [CountyName] => Suffolk
            [dma_name] => Boston, MA (Manchester, NH)
            [flips] => 153
            [purchase_price] => 398856
            [resale_price] => 549085
            [gross_margin] => 150229
            [gross_margin_perc] => 37.6650
            [flipcount_rank] => 8
            [flipmargin_rank] => 8
        )

    [5] => Array
        (
            [CountyName] => Bristol
            [dma_name] => Providence, RI-New Bedford, MA
            [flips] => 206
            [purchase_price] => 170850
            [resale_price] => 276987
            [gross_margin] => 106138
            [gross_margin_perc] => 62.1235
            [flipcount_rank] => 7
            [flipmargin_rank] => 7
        )

    [6] => Array
        (
            [CountyName] => Hampden
            [dma_name] => Springfield-Holyoke, MA
            [flips] => 225
            [purchase_price] => 107853
            [resale_price] => 184013
            [gross_margin] => 76160
            [gross_margin_perc] => 70.6146
            [flipcount_rank] => 6
            [flipmargin_rank] => 6
        )

    [7] => Array
        (
            [CountyName] => Norfolk
            [dma_name] => Boston, MA (Manchester, NH)
            [flips] => 232
            [purchase_price] => 310700
            [resale_price] => 451948
            [gross_margin] => 141247
            [gross_margin_perc] => 45.4609
            [flipcount_rank] => 5
            [flipmargin_rank] => 5
        )

    [8] => Array
        (
            [CountyName] => Plymouth
            [dma_name] => Boston, MA (Manchester, NH)
            [flips] => 249
            [purchase_price] => 220741
            [resale_price] => 327249
            [gross_margin] => 106508
            [gross_margin_perc] => 48.2502
            [flipcount_rank] => 4
            [flipmargin_rank] => 4
        )

    [9] => Array
        (
            [CountyName] => Worcester
            [dma_name] => Boston, MA (Manchester, NH)
            [flips] => 318
            [purchase_price] => 156887
            [resale_price] => 260186
            [gross_margin] => 103300
            [gross_margin_perc] => 65.8436
            [flipcount_rank] => 3
            [flipmargin_rank] => 3
        )

    [10] => Array
        (
            [CountyName] => Essex
            [dma_name] => Boston, MA (Manchester, NH)
            [flips] => 343
            [purchase_price] => 275787
            [resale_price] => 391357
            [gross_margin] => 115570
            [gross_margin_perc] => 41.9055
            [flipcount_rank] => 2
            [flipmargin_rank] => 2
        )

    [11] => Array
        (
            [CountyName] => Middlesex
            [dma_name] => Boston, MA (Manchester, NH)
            [flips] => 498
            [purchase_price] => 314618
            [resale_price] => 470153
            [gross_margin] => 155534
            [gross_margin_perc] => 49.4358
            [flipcount_rank] => 1
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in MA
CountyMarket AreaProfit Margin
MiddlesexBoston, MA (Manchester, NH)49%
EssexBoston, MA (Manchester, NH)42%
WorcesterBoston, MA (Manchester, NH)66%
PlymouthBoston, MA (Manchester, NH)48%
NorfolkBoston, MA (Manchester, NH)45%
HampdenSpringfield-Holyoke, MA71%
Bottom 5 Counties in MA
CountyMarket AreaProfit Margin
FranklinSpringfield-Holyoke, MA27%
BerkshireAlbany-Schenectady-Troy, NY36%
HampshireSpringfield-Holyoke, MA68%
BarnstableBoston, MA (Manchester, NH)37%
SuffolkBoston, MA (Manchester, NH)38%
BristolProvidence, RI-New Bedford, MA62%

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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