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
County | Market Area | Profit Margin |
Forrest | Hattiesburg-Laurel, MS | 256% |
---|
Marshall | Memphis, TN | 195% |
---|
Jackson | Biloxi-Gulfport, MS | 92% |
---|
Lowndes | Columbus-Tupelo-West Point, MS | 88% |
---|
Madison | Jackson, MS | 40% |
---|
Lafayette | Memphis, TN | 16% |
Bottom 5 Counties in MS
County | Market Area | Profit Margin |
Harrison | Biloxi-Gulfport, MS | -19% |
---|
De Soto | Memphis, TN | 3% |
---|
Lafayette | Memphis, TN | 16% |
---|
Madison | Jackson, MS | 40% |
---|
Lowndes | Columbus-Tupelo-West Point, MS | 88% |
---|
Jackson | Biloxi-Gulfport, MS | 92% |
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).