out of 51
State Rank in Flip Profit
Array
(
[0] => Array
(
[CountyName] => Adams
[dma_name] => Lincoln & Hastings-Kearney, NE
[flips] => 9
[purchase_price] => 137000
[resale_price] => 112000
[gross_margin] => -25000
[gross_margin_perc] => -18.2482
[flipcount_rank] => 7
[flipmargin_rank] => 9
)
[1] => Array
(
[CountyName] => Platte
[dma_name] => Omaha, NE
[flips] => 9
[purchase_price] => 129000
[resale_price] => 143000
[gross_margin] => 14000
[gross_margin_perc] => 10.8527
[flipcount_rank] => 7
[flipmargin_rank] => 8
)
[2] => Array
(
[CountyName] => Scotts Bluff
[dma_name] => Cheyenne, WY-Scottsbluff, NE
[flips] => 7
[purchase_price] => 120000
[resale_price] => 144000
[gross_margin] => 24000
[gross_margin_perc] => 20.0000
[flipcount_rank] => 9
[flipmargin_rank] => 7
)
[3] => Array
(
[CountyName] => Hall
[dma_name] => Lincoln & Hastings-Kearney, NE
[flips] => 33
[purchase_price] => 77818
[resale_price] => 120606
[gross_margin] => 42788
[gross_margin_perc] => 54.9847
[flipcount_rank] => 4
[flipmargin_rank] => 6
)
[4] => Array
(
[CountyName] => Washington
[dma_name] => Omaha, NE
[flips] => 18
[purchase_price] => 101450
[resale_price] => 180000
[gross_margin] => 78550
[gross_margin_perc] => 77.4273
[flipcount_rank] => 5
[flipmargin_rank] => 5
)
[5] => Array
(
[CountyName] => Lancaster
[dma_name] => Lincoln & Hastings-Kearney, NE
[flips] => 426
[purchase_price] => 94045
[resale_price] => 185258
[gross_margin] => 91214
[gross_margin_perc] => 96.9897
[flipcount_rank] => 2
[flipmargin_rank] => 4
)
[6] => Array
(
[CountyName] => Douglas
[dma_name] => Omaha, NE
[flips] => 868
[purchase_price] => 80000
[resale_price] => 183000
[gross_margin] => 103000
[gross_margin_perc] => 128.7500
[flipcount_rank] => 1
[flipmargin_rank] => 3
)
[7] => Array
(
[CountyName] => Sarpy
[dma_name] => Omaha, NE
[flips] => 385
[purchase_price] => 72719
[resale_price] => 273296
[gross_margin] => 200577
[gross_margin_perc] => 275.8248
[flipcount_rank] => 3
[flipmargin_rank] => 2
)
[8] => Array
(
[CountyName] => Saunders
[dma_name] => Omaha, NE
[flips] => 18
[purchase_price] => 38950
[resale_price] => 246722
[gross_margin] => 207772
[gross_margin_perc] => 533.4326
[flipcount_rank] => 5
[flipmargin_rank] => 1
)
)
Top 5 Counties in NE
County | Market Area | Profit Margin |
Saunders | Omaha, NE | 533% |
---|
Sarpy | Omaha, NE | 276% |
---|
Douglas | Omaha, NE | 129% |
---|
Lancaster | Lincoln & Hastings-Kearney, NE | 97% |
---|
Washington | Omaha, NE | 77% |
---|
Hall | Lincoln & Hastings-Kearney, NE | 55% |
Bottom 5 Counties in NE
County | Market Area | Profit Margin |
Adams | Lincoln & Hastings-Kearney, NE | -18% |
---|
Platte | Omaha, NE | 11% |
---|
Scotts Bluff | Cheyenne, WY-Scottsbluff, NE | 20% |
---|
Hall | Lincoln & Hastings-Kearney, NE | 55% |
---|
Washington | Omaha, NE | 77% |
---|
Lancaster | Lincoln & Hastings-Kearney, NE | 97% |
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).