out of 51
State Rank in Flip Profit
Array
(
[0] => Array
(
[CountyName] => Chaves
[dma_name] => Albuquerque-Santa Fe, NM
[flips] => 11
[purchase_price] => 329219
[resale_price] => 247389
[gross_margin] => -81830
[gross_margin_perc] => -24.8558
[flipcount_rank] => 6
[flipmargin_rank] => 11
)
[1] => Array
(
[CountyName] => Lea
[dma_name] => Albuquerque-Santa Fe, NM
[flips] => 6
[purchase_price] => 241147
[resale_price] => 244200
[gross_margin] => 3053
[gross_margin_perc] => 1.2660
[flipcount_rank] => 10
[flipmargin_rank] => 10
)
[2] => Array
(
[CountyName] => Sierra
[dma_name] => Albuquerque-Santa Fe, NM
[flips] => 11
[purchase_price] => 304875
[resale_price] => 331875
[gross_margin] => 27000
[gross_margin_perc] => 8.8561
[flipcount_rank] => 6
[flipmargin_rank] => 9
)
[3] => Array
(
[CountyName] => Dona Ana
[dma_name] => El Paso, TX
[flips] => 60
[purchase_price] => 186250
[resale_price] => 207003
[gross_margin] => 20753
[gross_margin_perc] => 11.1426
[flipcount_rank] => 3
[flipmargin_rank] => 8
)
[4] => Array
(
[CountyName] => Eddy
[dma_name] => Albuquerque-Santa Fe, NM
[flips] => 69
[purchase_price] => 195938
[resale_price] => 229515
[gross_margin] => 33577
[gross_margin_perc] => 17.1365
[flipcount_rank] => 2
[flipmargin_rank] => 7
)
[5] => Array
(
[CountyName] => Valencia
[dma_name] => Albuquerque-Santa Fe, NM
[flips] => 19
[purchase_price] => 135737
[resale_price] => 170908
[gross_margin] => 35171
[gross_margin_perc] => 25.9111
[flipcount_rank] => 5
[flipmargin_rank] => 6
)
[6] => Array
(
[CountyName] => Bernalillo
[dma_name] => Albuquerque-Santa Fe, NM
[flips] => 191
[purchase_price] => 173779
[resale_price] => 220124
[gross_margin] => 46345
[gross_margin_perc] => 26.6689
[flipcount_rank] => 1
[flipmargin_rank] => 5
)
[7] => Array
(
[CountyName] => Los Alamos
[dma_name] => Albuquerque-Santa Fe, NM
[flips] => 7
[purchase_price] => 250000
[resale_price] => 332614
[gross_margin] => 82614
[gross_margin_perc] => 33.0456
[flipcount_rank] => 9
[flipmargin_rank] => 4
)
[8] => Array
(
[CountyName] => Santa Fe
[dma_name] => Albuquerque-Santa Fe, NM
[flips] => 27
[purchase_price] => 257000
[resale_price] => 358872
[gross_margin] => 101872
[gross_margin_perc] => 39.6389
[flipcount_rank] => 4
[flipmargin_rank] => 3
)
[9] => Array
(
[CountyName] => Luna
[dma_name] => Albuquerque-Santa Fe, NM
[flips] => 6
[purchase_price] => 76312
[resale_price] => 128750
[gross_margin] => 52438
[gross_margin_perc] => 68.7153
[flipcount_rank] => 10
[flipmargin_rank] => 2
)
[10] => Array
(
[CountyName] => Otero
[dma_name] => Albuquerque-Santa Fe, NM
[flips] => 11
[purchase_price] => 113125
[resale_price] => 201231
[gross_margin] => 88106
[gross_margin_perc] => 77.8838
[flipcount_rank] => 6
[flipmargin_rank] => 1
)
)
Top 5 Counties in NM
County | Market Area | Profit Margin |
Otero | Albuquerque-Santa Fe, NM | 78% |
---|
Luna | Albuquerque-Santa Fe, NM | 69% |
---|
Santa Fe | Albuquerque-Santa Fe, NM | 40% |
---|
Los Alamos | Albuquerque-Santa Fe, NM | 33% |
---|
Bernalillo | Albuquerque-Santa Fe, NM | 27% |
---|
Valencia | Albuquerque-Santa Fe, NM | 26% |
Bottom 5 Counties in NM
County | Market Area | Profit Margin |
Chaves | Albuquerque-Santa Fe, NM | -25% |
---|
Lea | Albuquerque-Santa Fe, NM | 1% |
---|
Sierra | Albuquerque-Santa Fe, NM | 9% |
---|
Dona Ana | El Paso, TX | 11% |
---|
Eddy | Albuquerque-Santa Fe, NM | 17% |
---|
Valencia | Albuquerque-Santa Fe, NM | 26% |
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).