New Mexico

New Mexico House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => 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] => 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] => 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] => 9
        )

    [3] => 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] => 8
        )

    [4] => 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] => 7
        )

    [5] => 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] => 6
        )

    [6] => 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] => 5
        )

    [7] => 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] => 4
        )

    [8] => 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] => 3
        )

    [9] => 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] => 2
        )

    [10] => 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] => 1
        )

)
Top 5 Counties in NM
CountyMarket AreaProfit Margin
BernalilloAlbuquerque-Santa Fe, NM27%
EddyAlbuquerque-Santa Fe, NM17%
Dona AnaEl Paso, TX11%
Santa FeAlbuquerque-Santa Fe, NM40%
ValenciaAlbuquerque-Santa Fe, NM26%
ChavesAlbuquerque-Santa Fe, NM-25%
Bottom 5 Counties in NM
CountyMarket AreaProfit Margin
LunaAlbuquerque-Santa Fe, NM69%
LeaAlbuquerque-Santa Fe, NM1%
Los AlamosAlbuquerque-Santa Fe, NM33%
SierraAlbuquerque-Santa Fe, NM9%
OteroAlbuquerque-Santa Fe, NM78%
ChavesAlbuquerque-Santa Fe, NM-25%

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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