Nevada

Nevada House Flipping Profitability

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
CountyMarket AreaProfit Margin
ElkoSalt Lake City, UT177%
Carson CityReno, NV165%
DouglasReno, NV70%
NyeLas Vegas, NV52%
ChurchillReno, NV46%
LyonReno, NV43%
Bottom 5 Counties in NV
CountyMarket AreaProfit Margin
ClarkLas Vegas, NV15%
HumboldtReno, NV25%
WashoeReno, NV26%
LyonReno, NV43%
ChurchillReno, NV46%
NyeLas Vegas, NV52%

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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