North Dakota

North Dakota House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Cass
            [dma_name] => Fargo-Valley City, ND
            [flips] => 54
            [purchase_price] => 122424
            [resale_price] => 190248
            [gross_margin] => 67824
            [gross_margin_perc] => 55.4009
            [flipcount_rank] => 1
            [flipmargin_rank] => 5
        )

    [1] => Array
        (
            [CountyName] => Grand Forks
            [dma_name] => Fargo-Valley City, ND
            [flips] => 10
            [purchase_price] => 110000
            [resale_price] => 184000
            [gross_margin] => 74000
            [gross_margin_perc] => 67.2727
            [flipcount_rank] => 3
            [flipmargin_rank] => 4
        )

    [2] => Array
        (
            [CountyName] => Burleigh
            [dma_name] => Minot-Bismarck-Dickinson(Williston), ND
            [flips] => 42
            [purchase_price] => 152650
            [resale_price] => 282426
            [gross_margin] => 129776
            [gross_margin_perc] => 85.0154
            [flipcount_rank] => 2
            [flipmargin_rank] => 3
        )

    [3] => Array
        (
            [CountyName] => Morton
            [dma_name] => Minot-Bismarck-Dickinson(Williston), ND
            [flips] => 9
            [purchase_price] => 96000
            [resale_price] => 259690
            [gross_margin] => 163690
            [gross_margin_perc] => 170.5104
            [flipcount_rank] => 5
            [flipmargin_rank] => 2
        )

    [4] => Array
        (
            [CountyName] => Ward
            [dma_name] => Minot-Bismarck-Dickinson(Williston), ND
            [flips] => 10
            [purchase_price] => 36000
            [resale_price] => 259950
            [gross_margin] => 223950
            [gross_margin_perc] => 622.0833
            [flipcount_rank] => 3
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in ND
CountyMarket AreaProfit Margin
WardMinot-Bismarck-Dickinson(Williston), ND622%
MortonMinot-Bismarck-Dickinson(Williston), ND171%
BurleighMinot-Bismarck-Dickinson(Williston), ND85%
Grand ForksFargo-Valley City, ND67%
CassFargo-Valley City, ND55%
Bottom 5 Counties in ND
CountyMarket AreaProfit Margin
CassFargo-Valley City, ND55%
Grand ForksFargo-Valley City, ND67%
BurleighMinot-Bismarck-Dickinson(Williston), ND85%
MortonMinot-Bismarck-Dickinson(Williston), ND171%
WardMinot-Bismarck-Dickinson(Williston), ND622%

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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