Mississippi

Mississippi House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Harrison
            [dma_name] => Biloxi-Gulfport, MS
            [flips] => 30
            [purchase_price] => 182750
            [resale_price] => 147537
            [gross_margin] => -35213
            [gross_margin_perc] => -19.2684
            [flipcount_rank] => 2
            [flipmargin_rank] => 8
        )

    [1] => Array
        (
            [CountyName] => De Soto
            [dma_name] => Memphis, TN
            [flips] => 25
            [purchase_price] => 179000
            [resale_price] => 185082
            [gross_margin] => 6082
            [gross_margin_perc] => 3.3978
            [flipcount_rank] => 4
            [flipmargin_rank] => 7
        )

    [2] => Array
        (
            [CountyName] => Lafayette
            [dma_name] => Memphis, TN
            [flips] => 6
            [purchase_price] => 276162
            [resale_price] => 320512
            [gross_margin] => 44350
            [gross_margin_perc] => 16.0594
            [flipcount_rank] => 8
            [flipmargin_rank] => 6
        )

    [3] => Array
        (
            [CountyName] => Madison
            [dma_name] => Jackson, MS
            [flips] => 62
            [purchase_price] => 172903
            [resale_price] => 242024
            [gross_margin] => 69121
            [gross_margin_perc] => 39.9767
            [flipcount_rank] => 1
            [flipmargin_rank] => 5
        )

    [4] => Array
        (
            [CountyName] => Lowndes
            [dma_name] => Columbus-Tupelo-West Point, MS
            [flips] => 30
            [purchase_price] => 70388
            [resale_price] => 132620
            [gross_margin] => 62232
            [gross_margin_perc] => 88.4128
            [flipcount_rank] => 2
            [flipmargin_rank] => 4
        )

    [5] => Array
        (
            [CountyName] => Jackson
            [dma_name] => Biloxi-Gulfport, MS
            [flips] => 10
            [purchase_price] => 82500
            [resale_price] => 158000
            [gross_margin] => 75500
            [gross_margin_perc] => 91.5152
            [flipcount_rank] => 5
            [flipmargin_rank] => 3
        )

    [6] => Array
        (
            [CountyName] => Marshall
            [dma_name] => Memphis, TN
            [flips] => 7
            [purchase_price] => 50500
            [resale_price] => 149104
            [gross_margin] => 98604
            [gross_margin_perc] => 195.2554
            [flipcount_rank] => 6
            [flipmargin_rank] => 2
        )

    [7] => Array
        (
            [CountyName] => Forrest
            [dma_name] => Hattiesburg-Laurel, MS
            [flips] => 7
            [purchase_price] => 49443
            [resale_price] => 175875
            [gross_margin] => 126432
            [gross_margin_perc] => 255.7126
            [flipcount_rank] => 6
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in MS
CountyMarket AreaProfit Margin
ForrestHattiesburg-Laurel, MS256%
MarshallMemphis, TN195%
JacksonBiloxi-Gulfport, MS92%
LowndesColumbus-Tupelo-West Point, MS88%
MadisonJackson, MS40%
LafayetteMemphis, TN16%
Bottom 5 Counties in MS
CountyMarket AreaProfit Margin
HarrisonBiloxi-Gulfport, MS-19%
De SotoMemphis, TN3%
LafayetteMemphis, TN16%
MadisonJackson, MS40%
LowndesColumbus-Tupelo-West Point, MS88%
JacksonBiloxi-Gulfport, MS92%

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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