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
County | Market Area | Profit Margin |
Ward | Minot-Bismarck-Dickinson(Williston), ND | 622% |
---|
Morton | Minot-Bismarck-Dickinson(Williston), ND | 171% |
---|
Burleigh | Minot-Bismarck-Dickinson(Williston), ND | 85% |
---|
Grand Forks | Fargo-Valley City, ND | 67% |
---|
Cass | Fargo-Valley City, ND | 55% |
Bottom 5 Counties in ND
County | Market Area | Profit Margin |
Cass | Fargo-Valley City, ND | 55% |
---|
Grand Forks | Fargo-Valley City, ND | 67% |
---|
Burleigh | Minot-Bismarck-Dickinson(Williston), ND | 85% |
---|
Morton | Minot-Bismarck-Dickinson(Williston), ND | 171% |
---|
Ward | Minot-Bismarck-Dickinson(Williston), ND | 622% |
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).