out of 51
State Rank in Flip Profit
Array
(
[0] => Array
(
[CountyName] => Clark
[dma_name] => Las Vegas, NV
[flips] => 4387
[purchase_price] => 233841
[resale_price] => 269900
[gross_margin] => 36059
[gross_margin_perc] => 15.4203
[flipcount_rank] => 1
[flipmargin_rank] => 9
)
[1] => Array
(
[CountyName] => Humboldt
[dma_name] => Reno, NV
[flips] => 13
[purchase_price] => 240300
[resale_price] => 299900
[gross_margin] => 59600
[gross_margin_perc] => 24.8023
[flipcount_rank] => 9
[flipmargin_rank] => 8
)
[2] => Array
(
[CountyName] => Washoe
[dma_name] => Reno, NV
[flips] => 388
[purchase_price] => 259482
[resale_price] => 326191
[gross_margin] => 66709
[gross_margin_perc] => 25.7085
[flipcount_rank] => 2
[flipmargin_rank] => 7
)
[3] => Array
(
[CountyName] => Lyon
[dma_name] => Reno, NV
[flips] => 101
[purchase_price] => 180000
[resale_price] => 257500
[gross_margin] => 77500
[gross_margin_perc] => 43.0556
[flipcount_rank] => 3
[flipmargin_rank] => 6
)
[4] => Array
(
[CountyName] => Churchill
[dma_name] => Reno, NV
[flips] => 33
[purchase_price] => 154500
[resale_price] => 225000
[gross_margin] => 70500
[gross_margin_perc] => 45.6311
[flipcount_rank] => 8
[flipmargin_rank] => 5
)
[5] => Array
(
[CountyName] => Nye
[dma_name] => Las Vegas, NV
[flips] => 71
[purchase_price] => 151000
[resale_price] => 230000
[gross_margin] => 79000
[gross_margin_perc] => 52.3179
[flipcount_rank] => 6
[flipmargin_rank] => 4
)
[6] => Array
(
[CountyName] => Douglas
[dma_name] => Reno, NV
[flips] => 63
[purchase_price] => 220032
[resale_price] => 375151
[gross_margin] => 155119
[gross_margin_perc] => 70.4984
[flipcount_rank] => 7
[flipmargin_rank] => 3
)
[7] => Array
(
[CountyName] => Carson City
[dma_name] => Reno, NV
[flips] => 72
[purchase_price] => 112694
[resale_price] => 298354
[gross_margin] => 185660
[gross_margin_perc] => 164.7470
[flipcount_rank] => 5
[flipmargin_rank] => 2
)
[8] => Array
(
[CountyName] => Elko
[dma_name] => Salt Lake City, UT
[flips] => 78
[purchase_price] => 97321
[resale_price] => 269128
[gross_margin] => 171808
[gross_margin_perc] => 176.5374
[flipcount_rank] => 4
[flipmargin_rank] => 1
)
)
Top 5 Counties in NV
County | Market Area | Profit Margin |
Elko | Salt Lake City, UT | 177% |
---|
Carson City | Reno, NV | 165% |
---|
Douglas | Reno, NV | 70% |
---|
Nye | Las Vegas, NV | 52% |
---|
Churchill | Reno, NV | 46% |
---|
Lyon | Reno, NV | 43% |
Bottom 5 Counties in NV
County | Market Area | Profit Margin |
Clark | Las Vegas, NV | 15% |
---|
Humboldt | Reno, NV | 25% |
---|
Washoe | Reno, NV | 26% |
---|
Lyon | Reno, NV | 43% |
---|
Churchill | Reno, NV | 46% |
---|
Nye | Las Vegas, NV | 52% |
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).