Michigan

Michigan House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Mason
            [dma_name] => Traverse City-Cadillac, MI
            [flips] => 7
            [purchase_price] => 225000
            [resale_price] => 144750
            [gross_margin] => -80250
            [gross_margin_perc] => -35.6667
            [flipcount_rank] => 46
            [flipmargin_rank] => 46
        )

    [1] => Array
        (
            [CountyName] => Cheboygan
            [dma_name] => Traverse City-Cadillac, MI
            [flips] => 17
            [purchase_price] => 82500
            [resale_price] => 69500
            [gross_margin] => -13000
            [gross_margin_perc] => -15.7576
            [flipcount_rank] => 37
            [flipmargin_rank] => 45
        )

    [2] => Array
        (
            [CountyName] => Oceana
            [dma_name] => Grand Rapids-Kalamazoo-Battle Creek, MI
            [flips] => 10
            [purchase_price] => 64000
            [resale_price] => 75250
            [gross_margin] => 11250
            [gross_margin_perc] => 17.5781
            [flipcount_rank] => 42
            [flipmargin_rank] => 44
        )

    [3] => Array
        (
            [CountyName] => Saint Joseph
            [dma_name] => Grand Rapids-Kalamazoo-Battle Creek, MI
            [flips] => 26
            [purchase_price] => 70500
            [resale_price] => 83950
            [gross_margin] => 13450
            [gross_margin_perc] => 19.0780
            [flipcount_rank] => 33
            [flipmargin_rank] => 43
        )

    [4] => Array
        (
            [CountyName] => Arenac
            [dma_name] => Flint-Saginaw-Bay City, MI
            [flips] => 8
            [purchase_price] => 92000
            [resale_price] => 110000
            [gross_margin] => 18000
            [gross_margin_perc] => 19.5652
            [flipcount_rank] => 45
            [flipmargin_rank] => 41
        )

    [5] => Array
        (
            [CountyName] => Emmet
            [dma_name] => Traverse City-Cadillac, MI
            [flips] => 50
            [purchase_price] => 138000
            [resale_price] => 165000
            [gross_margin] => 27000
            [gross_margin_perc] => 19.5652
            [flipcount_rank] => 25
            [flipmargin_rank] => 41
        )

    [6] => Array
        (
            [CountyName] => Clinton
            [dma_name] => Lansing, MI
            [flips] => 33
            [purchase_price] => 159000
            [resale_price] => 192500
            [gross_margin] => 33500
            [gross_margin_perc] => 21.0692
            [flipcount_rank] => 29
            [flipmargin_rank] => 40
        )

    [7] => Array
        (
            [CountyName] => Washtenaw
            [dma_name] => Detroit, MI
            [flips] => 149
            [purchase_price] => 174868
            [resale_price] => 212500
            [gross_margin] => 37632
            [gross_margin_perc] => 21.5202
            [flipcount_rank] => 9
            [flipmargin_rank] => 39
        )

    [8] => Array
        (
            [CountyName] => Roscommon
            [dma_name] => Traverse City-Cadillac, MI
            [flips] => 24
            [purchase_price] => 50000
            [resale_price] => 61950
            [gross_margin] => 11950
            [gross_margin_perc] => 23.9000
            [flipcount_rank] => 34
            [flipmargin_rank] => 38
        )

    [9] => Array
        (
            [CountyName] => Lapeer
            [dma_name] => Detroit, MI
            [flips] => 73
            [purchase_price] => 105000
            [resale_price] => 135000
            [gross_margin] => 30000
            [gross_margin_perc] => 28.5714
            [flipcount_rank] => 17
            [flipmargin_rank] => 37
        )

    [10] => Array
        (
            [CountyName] => Iosco
            [dma_name] => Flint-Saginaw-Bay City, MI
            [flips] => 13
            [purchase_price] => 50000
            [resale_price] => 65000
            [gross_margin] => 15000
            [gross_margin_perc] => 30.0000
            [flipcount_rank] => 38
            [flipmargin_rank] => 36
        )

    [11] => Array
        (
            [CountyName] => Livingston
            [dma_name] => Detroit, MI
            [flips] => 113
            [purchase_price] => 168016
            [resale_price] => 220518
            [gross_margin] => 52502
            [gross_margin_perc] => 31.2482
            [flipcount_rank] => 11
            [flipmargin_rank] => 35
        )

    [12] => Array
        (
            [CountyName] => Otsego
            [dma_name] => Traverse City-Cadillac, MI
            [flips] => 32
            [purchase_price] => 106000
            [resale_price] => 142500
            [gross_margin] => 36500
            [gross_margin_perc] => 34.4340
            [flipcount_rank] => 31
            [flipmargin_rank] => 34
        )

    [13] => Array
        (
            [CountyName] => Sanilac
            [dma_name] => Detroit, MI
            [flips] => 22
            [purchase_price] => 77000
            [resale_price] => 111500
            [gross_margin] => 34500
            [gross_margin_perc] => 44.8052
            [flipcount_rank] => 35
            [flipmargin_rank] => 33
        )

    [14] => Array
        (
            [CountyName] => Kalkaska
            [dma_name] => Traverse City-Cadillac, MI
            [flips] => 9
            [purchase_price] => 81450
            [resale_price] => 120078
            [gross_margin] => 38628
            [gross_margin_perc] => 47.4254
            [flipcount_rank] => 44
            [flipmargin_rank] => 32
        )

    [15] => Array
        (
            [CountyName] => Oakland
            [dma_name] => Detroit, MI
            [flips] => 1044
            [purchase_price] => 125000
            [resale_price] => 186000
            [gross_margin] => 61000
            [gross_margin_perc] => 48.8000
            [flipcount_rank] => 2
            [flipmargin_rank] => 31
        )

    [16] => Array
        (
            [CountyName] => Cass
            [dma_name] => South Bend-Elkhart, IN
            [flips] => 27
            [purchase_price] => 68550
            [resale_price] => 107950
            [gross_margin] => 39400
            [gross_margin_perc] => 57.4763
            [flipcount_rank] => 32
            [flipmargin_rank] => 30
        )

    [17] => Array
        (
            [CountyName] => Monroe
            [dma_name] => Detroit, MI
            [flips] => 71
            [purchase_price] => 88252
            [resale_price] => 140000
            [gross_margin] => 51748
            [gross_margin_perc] => 58.6366
            [flipcount_rank] => 18
            [flipmargin_rank] => 29
        )

    [18] => Array
        (
            [CountyName] => Kent
            [dma_name] => Grand Rapids-Kalamazoo-Battle Creek, MI
            [flips] => 641
            [purchase_price] => 99227
            [resale_price] => 165101
            [gross_margin] => 65874
            [gross_margin_perc] => 66.3872
            [flipcount_rank] => 4
            [flipmargin_rank] => 28
        )

    [19] => Array
        (
            [CountyName] => Lenawee
            [dma_name] => Toledo, OH
            [flips] => 76
            [purchase_price] => 81183
            [resale_price] => 136132
            [gross_margin] => 54949
            [gross_margin_perc] => 67.6854
            [flipcount_rank] => 16
            [flipmargin_rank] => 27
        )

    [20] => Array
        (
            [CountyName] => Macomb
            [dma_name] => Detroit, MI
            [flips] => 1018
            [purchase_price] => 79833
            [resale_price] => 135171
            [gross_margin] => 55338
            [gross_margin_perc] => 69.3172
            [flipcount_rank] => 3
            [flipmargin_rank] => 26
        )

    [21] => Array
        (
            [CountyName] => Midland
            [dma_name] => Flint-Saginaw-Bay City, MI
            [flips] => 55
            [purchase_price] => 78000
            [resale_price] => 132500
            [gross_margin] => 54500
            [gross_margin_perc] => 69.8718
            [flipcount_rank] => 24
            [flipmargin_rank] => 25
        )

    [22] => Array
        (
            [CountyName] => Muskegon
            [dma_name] => Grand Rapids-Kalamazoo-Battle Creek, MI
            [flips] => 112
            [purchase_price] => 58698
            [resale_price] => 99924
            [gross_margin] => 41226
            [gross_margin_perc] => 70.2341
            [flipcount_rank] => 12
            [flipmargin_rank] => 24
        )

    [23] => Array
        (
            [CountyName] => Ingham
            [dma_name] => Lansing, MI
            [flips] => 206
            [purchase_price] => 70966
            [resale_price] => 124257
            [gross_margin] => 53291
            [gross_margin_perc] => 75.0937
            [flipcount_rank] => 7
            [flipmargin_rank] => 23
        )

    [24] => Array
        (
            [CountyName] => Kalamazoo
            [dma_name] => Grand Rapids-Kalamazoo-Battle Creek, MI
            [flips] => 193
            [purchase_price] => 75000
            [resale_price] => 131450
            [gross_margin] => 56450
            [gross_margin_perc] => 75.2667
            [flipcount_rank] => 8
            [flipmargin_rank] => 22
        )

    [25] => Array
        (
            [CountyName] => Wayne
            [dma_name] => Detroit, MI
            [flips] => 2534
            [purchase_price] => 44433
            [resale_price] => 80000
            [gross_margin] => 35567
            [gross_margin_perc] => 80.0464
            [flipcount_rank] => 1
            [flipmargin_rank] => 21
        )

    [26] => Array
        (
            [CountyName] => Eaton
            [dma_name] => Lansing, MI
            [flips] => 47
            [purchase_price] => 79950
            [resale_price] => 144600
            [gross_margin] => 64650
            [gross_margin_perc] => 80.8630
            [flipcount_rank] => 26
            [flipmargin_rank] => 20
        )

    [27] => Array
        (
            [CountyName] => Mecosta
            [dma_name] => Traverse City-Cadillac, MI
            [flips] => 10
            [purchase_price] => 58220
            [resale_price] => 107000
            [gross_margin] => 48780
            [gross_margin_perc] => 83.7856
            [flipcount_rank] => 42
            [flipmargin_rank] => 19
        )

    [28] => Array
        (
            [CountyName] => Saginaw
            [dma_name] => Flint-Saginaw-Bay City, MI
            [flips] => 112
            [purchase_price] => 48558
            [resale_price] => 90036
            [gross_margin] => 41478
            [gross_margin_perc] => 85.4195
            [flipcount_rank] => 12
            [flipmargin_rank] => 18
        )

    [29] => Array
        (
            [CountyName] => Calhoun
            [dma_name] => Grand Rapids-Kalamazoo-Battle Creek, MI
            [flips] => 66
            [purchase_price] => 50000
            [resale_price] => 94000
            [gross_margin] => 44000
            [gross_margin_perc] => 88.0000
            [flipcount_rank] => 20
            [flipmargin_rank] => 17
        )

    [30] => Array
        (
            [CountyName] => Barry
            [dma_name] => Grand Rapids-Kalamazoo-Battle Creek, MI
            [flips] => 39
            [purchase_price] => 73889
            [resale_price] => 139000
            [gross_margin] => 65111
            [gross_margin_perc] => 88.1200
            [flipcount_rank] => 27
            [flipmargin_rank] => 16
        )

    [31] => Array
        (
            [CountyName] => Saint Clair
            [dma_name] => Detroit, MI
            [flips] => 98
            [purchase_price] => 76734
            [resale_price] => 146020
            [gross_margin] => 69286
            [gross_margin_perc] => 90.2937
            [flipcount_rank] => 14
            [flipmargin_rank] => 15
        )

    [32] => Array
        (
            [CountyName] => Tuscola
            [dma_name] => Flint-Saginaw-Bay City, MI
            [flips] => 37
            [purchase_price] => 48000
            [resale_price] => 92537
            [gross_margin] => 44537
            [gross_margin_perc] => 92.7854
            [flipcount_rank] => 28
            [flipmargin_rank] => 14
        )

    [33] => Array
        (
            [CountyName] => Berrien
            [dma_name] => South Bend-Elkhart, IN
            [flips] => 88
            [purchase_price] => 75158
            [resale_price] => 145000
            [gross_margin] => 69842
            [gross_margin_perc] => 92.9269
            [flipcount_rank] => 15
            [flipmargin_rank] => 13
        )

    [34] => Array
        (
            [CountyName] => Genesee
            [dma_name] => Flint-Saginaw-Bay City, MI
            [flips] => 369
            [purchase_price] => 57000
            [resale_price] => 110000
            [gross_margin] => 53000
            [gross_margin_perc] => 92.9825
            [flipcount_rank] => 5
            [flipmargin_rank] => 12
        )

    [35] => Array
        (
            [CountyName] => Hillsdale
            [dma_name] => Lansing, MI
            [flips] => 11
            [purchase_price] => 47500
            [resale_price] => 93000
            [gross_margin] => 45500
            [gross_margin_perc] => 95.7895
            [flipcount_rank] => 39
            [flipmargin_rank] => 11
        )

    [36] => Array
        (
            [CountyName] => Jackson
            [dma_name] => Lansing, MI
            [flips] => 117
            [purchase_price] => 54111
            [resale_price] => 109017
            [gross_margin] => 54906
            [gross_margin_perc] => 101.4692
            [flipcount_rank] => 10
            [flipmargin_rank] => 10
        )

    [37] => Array
        (
            [CountyName] => Wexford
            [dma_name] => Traverse City-Cadillac, MI
            [flips] => 11
            [purchase_price] => 381818
            [resale_price] => 801136
            [gross_margin] => 419318
            [gross_margin_perc] => 109.8214
            [flipcount_rank] => 39
            [flipmargin_rank] => 9
        )

    [38] => Array
        (
            [CountyName] => Ottawa
            [dma_name] => Grand Rapids-Kalamazoo-Battle Creek, MI
            [flips] => 316
            [purchase_price] => 114816
            [resale_price] => 251782
            [gross_margin] => 136966
            [gross_margin_perc] => 119.2917
            [flipcount_rank] => 6
            [flipmargin_rank] => 8
        )

    [39] => Array
        (
            [CountyName] => Newaygo
            [dma_name] => Grand Rapids-Kalamazoo-Battle Creek, MI
            [flips] => 33
            [purchase_price] => 52750
            [resale_price] => 120000
            [gross_margin] => 67250
            [gross_margin_perc] => 127.4882
            [flipcount_rank] => 29
            [flipmargin_rank] => 7
        )

    [40] => Array
        (
            [CountyName] => Bay
            [dma_name] => Flint-Saginaw-Bay City, MI
            [flips] => 59
            [purchase_price] => 37600
            [resale_price] => 85900
            [gross_margin] => 48300
            [gross_margin_perc] => 128.4574
            [flipcount_rank] => 21
            [flipmargin_rank] => 6
        )

    [41] => Array
        (
            [CountyName] => Branch
            [dma_name] => Grand Rapids-Kalamazoo-Battle Creek, MI
            [flips] => 20
            [purchase_price] => 50000
            [resale_price] => 115800
            [gross_margin] => 65800
            [gross_margin_perc] => 131.6000
            [flipcount_rank] => 36
            [flipmargin_rank] => 5
        )

    [42] => Array
        (
            [CountyName] => Shiawassee
            [dma_name] => Flint-Saginaw-Bay City, MI
            [flips] => 56
            [purchase_price] => 45757
            [resale_price] => 110638
            [gross_margin] => 64881
            [gross_margin_perc] => 141.7947
            [flipcount_rank] => 23
            [flipmargin_rank] => 4
        )

    [43] => Array
        (
            [CountyName] => Van Buren
            [dma_name] => Grand Rapids-Kalamazoo-Battle Creek, MI
            [flips] => 71
            [purchase_price] => 65295
            [resale_price] => 164999
            [gross_margin] => 99704
            [gross_margin_perc] => 152.6978
            [flipcount_rank] => 18
            [flipmargin_rank] => 3
        )

    [44] => Array
        (
            [CountyName] => Allegan
            [dma_name] => Grand Rapids-Kalamazoo-Battle Creek, MI
            [flips] => 59
            [purchase_price] => 68000
            [resale_price] => 175000
            [gross_margin] => 107000
            [gross_margin_perc] => 157.3529
            [flipcount_rank] => 21
            [flipmargin_rank] => 2
        )

    [45] => Array
        (
            [CountyName] => Montcalm
            [dma_name] => Grand Rapids-Kalamazoo-Battle Creek, MI
            [flips] => 11
            [purchase_price] => 25000
            [resale_price] => 120000
            [gross_margin] => 95000
            [gross_margin_perc] => 380.0000
            [flipcount_rank] => 39
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in MI
CountyMarket AreaProfit Margin
MontcalmGrand Rapids-Kalamazoo-Battle Creek, MI380%
AlleganGrand Rapids-Kalamazoo-Battle Creek, MI157%
Van BurenGrand Rapids-Kalamazoo-Battle Creek, MI153%
ShiawasseeFlint-Saginaw-Bay City, MI142%
BranchGrand Rapids-Kalamazoo-Battle Creek, MI132%
BayFlint-Saginaw-Bay City, MI128%
Bottom 5 Counties in MI
CountyMarket AreaProfit Margin
MasonTraverse City-Cadillac, MI-36%
CheboyganTraverse City-Cadillac, MI-16%
OceanaGrand Rapids-Kalamazoo-Battle Creek, MI18%
Saint JosephGrand Rapids-Kalamazoo-Battle Creek, MI19%
ArenacFlint-Saginaw-Bay City, MI20%
EmmetTraverse City-Cadillac, MI20%

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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