Rhode Island

Rhode Island House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Bristol
            [dma_name] => Providence, RI-New Bedford, MA
            [flips] => 38
            [purchase_price] => 231868
            [resale_price] => 311191
            [gross_margin] => 79322
            [gross_margin_perc] => 34.2100
            [flipcount_rank] => 5
            [flipmargin_rank] => 5
        )

    [1] => Array
        (
            [CountyName] => Newport
            [dma_name] => Providence, RI-New Bedford, MA
            [flips] => 42
            [purchase_price] => 241548
            [resale_price] => 325179
            [gross_margin] => 83631
            [gross_margin_perc] => 34.6229
            [flipcount_rank] => 4
            [flipmargin_rank] => 4
        )

    [2] => Array
        (
            [CountyName] => Washington
            [dma_name] => Providence, RI-New Bedford, MA
            [flips] => 54
            [purchase_price] => 228556
            [resale_price] => 321796
            [gross_margin] => 93241
            [gross_margin_perc] => 40.7957
            [flipcount_rank] => 3
            [flipmargin_rank] => 3
        )

    [3] => Array
        (
            [CountyName] => Kent
            [dma_name] => Providence, RI-New Bedford, MA
            [flips] => 152
            [purchase_price] => 152197
            [resale_price] => 236336
            [gross_margin] => 84138
            [gross_margin_perc] => 55.2823
            [flipcount_rank] => 2
            [flipmargin_rank] => 2
        )

    [4] => Array
        (
            [CountyName] => Providence
            [dma_name] => Providence, RI-New Bedford, MA
            [flips] => 558
            [purchase_price] => 150104
            [resale_price] => 240453
            [gross_margin] => 90349
            [gross_margin_perc] => 60.1909
            [flipcount_rank] => 1
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in RI
CountyMarket AreaProfit Margin
ProvidenceProvidence, RI-New Bedford, MA60%
KentProvidence, RI-New Bedford, MA55%
WashingtonProvidence, RI-New Bedford, MA41%
NewportProvidence, RI-New Bedford, MA35%
BristolProvidence, RI-New Bedford, MA34%
Bottom 5 Counties in RI
CountyMarket AreaProfit Margin
BristolProvidence, RI-New Bedford, MA34%
NewportProvidence, RI-New Bedford, MA35%
WashingtonProvidence, RI-New Bedford, MA41%
KentProvidence, RI-New Bedford, MA55%
ProvidenceProvidence, RI-New Bedford, MA60%

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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