out of 51
State Rank in Flip Profit
Array
(
[0] => Array
(
[CountyName] => Lake
[dma_name] => Missoula, MT
[flips] => 7
[purchase_price] => 287000
[resale_price] => 283030
[gross_margin] => -3970
[gross_margin_perc] => -1.3833
[flipcount_rank] => 7
[flipmargin_rank] => 7
)
[1] => Array
(
[CountyName] => Lewis And Clark
[dma_name] => Helena, MT
[flips] => 33
[purchase_price] => 258075
[resale_price] => 268969
[gross_margin] => 10894
[gross_margin_perc] => 4.2213
[flipcount_rank] => 6
[flipmargin_rank] => 6
)
[2] => Array
(
[CountyName] => Cascade
[dma_name] => Great Falls, MT
[flips] => 43
[purchase_price] => 165313
[resale_price] => 174000
[gross_margin] => 8687
[gross_margin_perc] => 5.2549
[flipcount_rank] => 5
[flipmargin_rank] => 5
)
[3] => Array
(
[CountyName] => Flathead
[dma_name] => Missoula, MT
[flips] => 90
[purchase_price] => 265000
[resale_price] => 286728
[gross_margin] => 21728
[gross_margin_perc] => 8.1992
[flipcount_rank] => 1
[flipmargin_rank] => 4
)
[4] => Array
(
[CountyName] => Gallatin
[dma_name] => Butte-Bozeman, MT
[flips] => 81
[purchase_price] => 358000
[resale_price] => 403000
[gross_margin] => 45000
[gross_margin_perc] => 12.5698
[flipcount_rank] => 2
[flipmargin_rank] => 3
)
[5] => Array
(
[CountyName] => Yellowstone
[dma_name] => Billings, MT
[flips] => 81
[purchase_price] => 220991
[resale_price] => 251714
[gross_margin] => 30723
[gross_margin_perc] => 13.9024
[flipcount_rank] => 2
[flipmargin_rank] => 2
)
[6] => Array
(
[CountyName] => Missoula
[dma_name] => Missoula, MT
[flips] => 48
[purchase_price] => 232450
[resale_price] => 285000
[gross_margin] => 52550
[gross_margin_perc] => 22.6070
[flipcount_rank] => 4
[flipmargin_rank] => 1
)
)
Top 5 Counties in MT
| County | Market Area | Profit Margin |
|---|
| Missoula | Missoula, MT | 23% |
|---|
| Yellowstone | Billings, MT | 14% |
|---|
| Gallatin | Butte-Bozeman, MT | 13% |
|---|
| Flathead | Missoula, MT | 8% |
|---|
| Cascade | Great Falls, MT | 5% |
|---|
| Lewis And Clark | Helena, MT | 4% |
|---|
Bottom 5 Counties in MT
| County | Market Area | Profit Margin |
|---|
| Lake | Missoula, MT | -1% |
|---|
| Lewis And Clark | Helena, MT | 4% |
|---|
| Cascade | Great Falls, MT | 5% |
|---|
| Flathead | Missoula, MT | 8% |
|---|
| Gallatin | Butte-Bozeman, MT | 13% |
|---|
| Yellowstone | Billings, MT | 14% |
|---|
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).
