out of 51
State Rank in Flip Profit
Array
(
[0] => Array
(
[CountyName] => Hudson
[dma_name] => New York, NY
[flips] => 322
[purchase_price] => 257368
[resale_price] => 370000
[gross_margin] => 112632
[gross_margin_perc] => 43.7630
[flipcount_rank] => 12
[flipmargin_rank] => 21
)
[1] => Array
(
[CountyName] => Cape May
[dma_name] => Philadelphia, PA
[flips] => 209
[purchase_price] => 195300
[resale_price] => 285000
[gross_margin] => 89700
[gross_margin_perc] => 45.9293
[flipcount_rank] => 15
[flipmargin_rank] => 20
)
[2] => Array
(
[CountyName] => Somerset
[dma_name] => New York, NY
[flips] => 162
[purchase_price] => 206025
[resale_price] => 305000
[gross_margin] => 98975
[gross_margin_perc] => 48.0403
[flipcount_rank] => 18
[flipmargin_rank] => 19
)
[3] => Array
(
[CountyName] => Monmouth
[dma_name] => New York, NY
[flips] => 635
[purchase_price] => 225843
[resale_price] => 351787
[gross_margin] => 125945
[gross_margin_perc] => 55.7666
[flipcount_rank] => 7
[flipmargin_rank] => 18
)
[4] => Array
(
[CountyName] => Bergen
[dma_name] => New York, NY
[flips] => 590
[purchase_price] => 284450
[resale_price] => 455000
[gross_margin] => 170550
[gross_margin_perc] => 59.9578
[flipcount_rank] => 8
[flipmargin_rank] => 17
)
[5] => Array
(
[CountyName] => Middlesex
[dma_name] => New York, NY
[flips] => 720
[purchase_price] => 204783
[resale_price] => 333997
[gross_margin] => 129213
[gross_margin_perc] => 63.0975
[flipcount_rank] => 6
[flipmargin_rank] => 16
)
[6] => Array
(
[CountyName] => Morris
[dma_name] => New York, NY
[flips] => 234
[purchase_price] => 232850
[resale_price] => 383038
[gross_margin] => 150188
[gross_margin_perc] => 64.4999
[flipcount_rank] => 14
[flipmargin_rank] => 15
)
[7] => Array
(
[CountyName] => Ocean
[dma_name] => New York, NY
[flips] => 1219
[purchase_price] => 142925
[resale_price] => 239713
[gross_margin] => 96788
[gross_margin_perc] => 67.7194
[flipcount_rank] => 1
[flipmargin_rank] => 14
)
[8] => Array
(
[CountyName] => Passaic
[dma_name] => New York, NY
[flips] => 310
[purchase_price] => 189871
[resale_price] => 328215
[gross_margin] => 138344
[gross_margin_perc] => 72.8621
[flipcount_rank] => 13
[flipmargin_rank] => 13
)
[9] => Array
(
[CountyName] => Hunterdon
[dma_name] => New York, NY
[flips] => 55
[purchase_price] => 170100
[resale_price] => 299000
[gross_margin] => 128900
[gross_margin_perc] => 75.7790
[flipcount_rank] => 21
[flipmargin_rank] => 12
)
[10] => Array
(
[CountyName] => Union
[dma_name] => New York, NY
[flips] => 757
[purchase_price] => 187645
[resale_price] => 330198
[gross_margin] => 142553
[gross_margin_perc] => 75.9695
[flipcount_rank] => 5
[flipmargin_rank] => 11
)
[11] => Array
(
[CountyName] => Mercer
[dma_name] => Philadelphia, PA
[flips] => 390
[purchase_price] => 105000
[resale_price] => 196250
[gross_margin] => 91250
[gross_margin_perc] => 86.9048
[flipcount_rank] => 11
[flipmargin_rank] => 10
)
[12] => Array
(
[CountyName] => Warren
[dma_name] => New York, NY
[flips] => 165
[purchase_price] => 95000
[resale_price] => 179900
[gross_margin] => 84900
[gross_margin_perc] => 89.3684
[flipcount_rank] => 17
[flipmargin_rank] => 9
)
[13] => Array
(
[CountyName] => Essex
[dma_name] => New York, NY
[flips] => 794
[purchase_price] => 155355
[resale_price] => 294339
[gross_margin] => 138984
[gross_margin_perc] => 89.4622
[flipcount_rank] => 3
[flipmargin_rank] => 8
)
[14] => Array
(
[CountyName] => Atlantic
[dma_name] => Philadelphia, PA
[flips] => 485
[purchase_price] => 91465
[resale_price] => 185835
[gross_margin] => 94370
[gross_margin_perc] => 103.1761
[flipcount_rank] => 9
[flipmargin_rank] => 7
)
[15] => Array
(
[CountyName] => Burlington
[dma_name] => Philadelphia, PA
[flips] => 790
[purchase_price] => 97743
[resale_price] => 205268
[gross_margin] => 107525
[gross_margin_perc] => 110.0079
[flipcount_rank] => 4
[flipmargin_rank] => 6
)
[16] => Array
(
[CountyName] => Camden
[dma_name] => Philadelphia, PA
[flips] => 1027
[purchase_price] => 89791
[resale_price] => 189796
[gross_margin] => 100005
[gross_margin_perc] => 111.3753
[flipcount_rank] => 2
[flipmargin_rank] => 5
)
[17] => Array
(
[CountyName] => Gloucester
[dma_name] => Philadelphia, PA
[flips] => 455
[purchase_price] => 87174
[resale_price] => 189000
[gross_margin] => 101826
[gross_margin_perc] => 116.8078
[flipcount_rank] => 10
[flipmargin_rank] => 4
)
[18] => Array
(
[CountyName] => Sussex
[dma_name] => New York, NY
[flips] => 147
[purchase_price] => 106840
[resale_price] => 239422
[gross_margin] => 132582
[gross_margin_perc] => 124.0940
[flipcount_rank] => 19
[flipmargin_rank] => 3
)
[19] => Array
(
[CountyName] => Cumberland
[dma_name] => Philadelphia, PA
[flips] => 169
[purchase_price] => 52997
[resale_price] => 142450
[gross_margin] => 89453
[gross_margin_perc] => 168.7888
[flipcount_rank] => 16
[flipmargin_rank] => 2
)
[20] => Array
(
[CountyName] => Salem
[dma_name] => Philadelphia, PA
[flips] => 108
[purchase_price] => 44699
[resale_price] => 143366
[gross_margin] => 98667
[gross_margin_perc] => 220.7365
[flipcount_rank] => 20
[flipmargin_rank] => 1
)
)
Top 5 Counties in NJ
County | Market Area | Profit Margin |
Salem | Philadelphia, PA | 221% |
---|
Cumberland | Philadelphia, PA | 169% |
---|
Sussex | New York, NY | 124% |
---|
Gloucester | Philadelphia, PA | 117% |
---|
Camden | Philadelphia, PA | 111% |
---|
Burlington | Philadelphia, PA | 110% |
Bottom 5 Counties in NJ
County | Market Area | Profit Margin |
Hudson | New York, NY | 44% |
---|
Cape May | Philadelphia, PA | 46% |
---|
Somerset | New York, NY | 48% |
---|
Monmouth | New York, NY | 56% |
---|
Bergen | New York, NY | 60% |
---|
Middlesex | New York, NY | 63% |
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).