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
County | Market Area | Profit Margin |
Providence | Providence, RI-New Bedford, MA | 60% |
---|
Kent | Providence, RI-New Bedford, MA | 55% |
---|
Washington | Providence, RI-New Bedford, MA | 41% |
---|
Newport | Providence, RI-New Bedford, MA | 35% |
---|
Bristol | Providence, RI-New Bedford, MA | 34% |
Bottom 5 Counties in RI
County | Market Area | Profit Margin |
Bristol | Providence, RI-New Bedford, MA | 34% |
---|
Newport | Providence, RI-New Bedford, MA | 35% |
---|
Washington | Providence, RI-New Bedford, MA | 41% |
---|
Kent | Providence, RI-New Bedford, MA | 55% |
---|
Providence | Providence, RI-New Bedford, MA | 60% |
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).