South Carolina

South Carolina House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Dillon
            [dma_name] => Myrtle Beach-Florence, SC
            [flips] => 11
            [purchase_price] => 26000
            [resale_price] => 10000
            [gross_margin] => -16000
            [gross_margin_perc] => -61.5385
            [flipcount_rank] => 27
            [flipmargin_rank] => 31
        )

    [1] => Array
        (
            [CountyName] => Jasper
            [dma_name] => Savannah, GA
            [flips] => 14
            [purchase_price] => 341000
            [resale_price] => 185054
            [gross_margin] => -155946
            [gross_margin_perc] => -45.7320
            [flipcount_rank] => 26
            [flipmargin_rank] => 30
        )

    [2] => Array
        (
            [CountyName] => Fairfield
            [dma_name] => Columbia, SC
            [flips] => 9
            [purchase_price] => 29000
            [resale_price] => 30000
            [gross_margin] => 1000
            [gross_margin_perc] => 3.4483
            [flipcount_rank] => 28
            [flipmargin_rank] => 29
        )

    [3] => Array
        (
            [CountyName] => Georgetown
            [dma_name] => Charleston, SC
            [flips] => 30
            [purchase_price] => 141983
            [resale_price] => 185333
            [gross_margin] => 43350
            [gross_margin_perc] => 30.5318
            [flipcount_rank] => 21
            [flipmargin_rank] => 28
        )

    [4] => Array
        (
            [CountyName] => Horry
            [dma_name] => Myrtle Beach-Florence, SC
            [flips] => 457
            [purchase_price] => 115604
            [resale_price] => 153597
            [gross_margin] => 37993
            [gross_margin_perc] => 32.8648
            [flipcount_rank] => 4
            [flipmargin_rank] => 27
        )

    [5] => Array
        (
            [CountyName] => Charleston
            [dma_name] => Charleston, SC
            [flips] => 357
            [purchase_price] => 184500
            [resale_price] => 255000
            [gross_margin] => 70500
            [gross_margin_perc] => 38.2114
            [flipcount_rank] => 7
            [flipmargin_rank] => 26
        )

    [6] => Array
        (
            [CountyName] => Beaufort
            [dma_name] => Savannah, GA
            [flips] => 207
            [purchase_price] => 179773
            [resale_price] => 249406
            [gross_margin] => 69633
            [gross_margin_perc] => 38.7338
            [flipcount_rank] => 11
            [flipmargin_rank] => 25
        )

    [7] => Array
        (
            [CountyName] => Colleton
            [dma_name] => Charleston, SC
            [flips] => 26
            [purchase_price] => 104750
            [resale_price] => 148500
            [gross_margin] => 43750
            [gross_margin_perc] => 41.7661
            [flipcount_rank] => 22
            [flipmargin_rank] => 24
        )

    [8] => Array
        (
            [CountyName] => York
            [dma_name] => Charlotte, NC
            [flips] => 632
            [purchase_price] => 144100
            [resale_price] => 220526
            [gross_margin] => 76426
            [gross_margin_perc] => 53.0368
            [flipcount_rank] => 2
            [flipmargin_rank] => 23
        )

    [9] => Array
        (
            [CountyName] => Dorchester
            [dma_name] => Charleston, SC
            [flips] => 213
            [purchase_price] => 125000
            [resale_price] => 196000
            [gross_margin] => 71000
            [gross_margin_perc] => 56.8000
            [flipcount_rank] => 10
            [flipmargin_rank] => 22
        )

    [10] => Array
        (
            [CountyName] => Richland
            [dma_name] => Columbia, SC
            [flips] => 483
            [purchase_price] => 87700
            [resale_price] => 139000
            [gross_margin] => 51300
            [gross_margin_perc] => 58.4949
            [flipcount_rank] => 3
            [flipmargin_rank] => 21
        )

    [11] => Array
        (
            [CountyName] => Lexington
            [dma_name] => Columbia, SC
            [flips] => 358
            [purchase_price] => 92763
            [resale_price] => 147633
            [gross_margin] => 54870
            [gross_margin_perc] => 59.1507
            [flipcount_rank] => 6
            [flipmargin_rank] => 20
        )

    [12] => Array
        (
            [CountyName] => Florence
            [dma_name] => Myrtle Beach-Florence, SC
            [flips] => 105
            [purchase_price] => 66400
            [resale_price] => 110000
            [gross_margin] => 43600
            [gross_margin_perc] => 65.6627
            [flipcount_rank] => 16
            [flipmargin_rank] => 19
        )

    [13] => Array
        (
            [CountyName] => Greenwood
            [dma_name] => Greenville-Spartanburg, SC-Asheville, NC-Anderson,SC
            [flips] => 21
            [purchase_price] => 45000
            [resale_price] => 75000
            [gross_margin] => 30000
            [gross_margin_perc] => 66.6667
            [flipcount_rank] => 24
            [flipmargin_rank] => 18
        )

    [14] => Array
        (
            [CountyName] => Berkeley
            [dma_name] => Charleston, SC
            [flips] => 238
            [purchase_price] => 104105
            [resale_price] => 182218
            [gross_margin] => 78113
            [gross_margin_perc] => 75.0329
            [flipcount_rank] => 9
            [flipmargin_rank] => 17
        )

    [15] => Array
        (
            [CountyName] => Spartanburg
            [dma_name] => Greenville-Spartanburg, SC-Asheville, NC-Anderson,SC
            [flips] => 388
            [purchase_price] => 75482
            [resale_price] => 134464
            [gross_margin] => 58982
            [gross_margin_perc] => 78.1405
            [flipcount_rank] => 5
            [flipmargin_rank] => 16
        )

    [16] => Array
        (
            [CountyName] => Kershaw
            [dma_name] => Columbia, SC
            [flips] => 108
            [purchase_price] => 73892
            [resale_price] => 133796
            [gross_margin] => 59904
            [gross_margin_perc] => 81.0697
            [flipcount_rank] => 15
            [flipmargin_rank] => 15
        )

    [17] => Array
        (
            [CountyName] => Greenville
            [dma_name] => Greenville-Spartanburg, SC-Asheville, NC-Anderson,SC
            [flips] => 859
            [purchase_price] => 100207
            [resale_price] => 190178
            [gross_margin] => 89971
            [gross_margin_perc] => 89.7851
            [flipcount_rank] => 1
            [flipmargin_rank] => 14
        )

    [18] => Array
        (
            [CountyName] => Pickens
            [dma_name] => Greenville-Spartanburg, SC-Asheville, NC-Anderson,SC
            [flips] => 136
            [purchase_price] => 78500
            [resale_price] => 153100
            [gross_margin] => 74600
            [gross_margin_perc] => 95.0318
            [flipcount_rank] => 13
            [flipmargin_rank] => 13
        )

    [19] => Array
        (
            [CountyName] => Anderson
            [dma_name] => Greenville-Spartanburg, SC-Asheville, NC-Anderson,SC
            [flips] => 197
            [purchase_price] => 65000
            [resale_price] => 131401
            [gross_margin] => 66401
            [gross_margin_perc] => 102.1554
            [flipcount_rank] => 12
            [flipmargin_rank] => 12
        )

    [20] => Array
        (
            [CountyName] => Sumter
            [dma_name] => Columbia, SC
            [flips] => 109
            [purchase_price] => 65000
            [resale_price] => 135900
            [gross_margin] => 70900
            [gross_margin_perc] => 109.0769
            [flipcount_rank] => 14
            [flipmargin_rank] => 11
        )

    [21] => Array
        (
            [CountyName] => Oconee
            [dma_name] => Greenville-Spartanburg, SC-Asheville, NC-Anderson,SC
            [flips] => 65
            [purchase_price] => 72346
            [resale_price] => 151823
            [gross_margin] => 79477
            [gross_margin_perc] => 109.8568
            [flipcount_rank] => 18
            [flipmargin_rank] => 10
        )

    [22] => Array
        (
            [CountyName] => Orangeburg
            [dma_name] => Columbia, SC
            [flips] => 39
            [purchase_price] => 45000
            [resale_price] => 98500
            [gross_margin] => 53500
            [gross_margin_perc] => 118.8889
            [flipcount_rank] => 20
            [flipmargin_rank] => 9
        )

    [23] => Array
        (
            [CountyName] => Lancaster
            [dma_name] => Charlotte, NC
            [flips] => 77
            [purchase_price] => 59123
            [resale_price] => 131170
            [gross_margin] => 72047
            [gross_margin_perc] => 121.8595
            [flipcount_rank] => 17
            [flipmargin_rank] => 8
        )

    [24] => Array
        (
            [CountyName] => Edgefield
            [dma_name] => Augusta, GA
            [flips] => 6
            [purchase_price] => 56267
            [resale_price] => 126000
            [gross_margin] => 69733
            [gross_margin_perc] => 123.9323
            [flipcount_rank] => 29
            [flipmargin_rank] => 7
        )

    [25] => Array
        (
            [CountyName] => Darlington
            [dma_name] => Myrtle Beach-Florence, SC
            [flips] => 26
            [purchase_price] => 36769
            [resale_price] => 92531
            [gross_margin] => 55762
            [gross_margin_perc] => 151.6549
            [flipcount_rank] => 22
            [flipmargin_rank] => 6
        )

    [26] => Array
        (
            [CountyName] => Laurens
            [dma_name] => Greenville-Spartanburg, SC-Asheville, NC-Anderson,SC
            [flips] => 42
            [purchase_price] => 47500
            [resale_price] => 119950
            [gross_margin] => 72450
            [gross_margin_perc] => 152.5263
            [flipcount_rank] => 19
            [flipmargin_rank] => 5
        )

    [27] => Array
        (
            [CountyName] => Aiken
            [dma_name] => Augusta, GA
            [flips] => 260
            [purchase_price] => 55046
            [resale_price] => 164820
            [gross_margin] => 109774
            [gross_margin_perc] => 199.4223
            [flipcount_rank] => 8
            [flipmargin_rank] => 4
        )

    [28] => Array
        (
            [CountyName] => Calhoun
            [dma_name] => Columbia, SC
            [flips] => 6
            [purchase_price] => 27900
            [resale_price] => 97000
            [gross_margin] => 69100
            [gross_margin_perc] => 247.6703
            [flipcount_rank] => 29
            [flipmargin_rank] => 3
        )

    [29] => Array
        (
            [CountyName] => Cherokee
            [dma_name] => Greenville-Spartanburg, SC-Asheville, NC-Anderson,SC
            [flips] => 17
            [purchase_price] => 29471
            [resale_price] => 125194
            [gross_margin] => 95724
            [gross_margin_perc] => 324.8074
            [flipcount_rank] => 25
            [flipmargin_rank] => 2
        )

    [30] => Array
        (
            [CountyName] => Allendale
            [dma_name] => Augusta, GA
            [flips] => 6
            [purchase_price] => 617
            [resale_price] => 6000
            [gross_margin] => 5383
            [gross_margin_perc] => 872.4473
            [flipcount_rank] => 29
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in SC
CountyMarket AreaProfit Margin
AllendaleAugusta, GA872%
CherokeeGreenville-Spartanburg, SC-Asheville, NC-Anderson,SC325%
CalhounColumbia, SC248%
AikenAugusta, GA199%
LaurensGreenville-Spartanburg, SC-Asheville, NC-Anderson,SC153%
DarlingtonMyrtle Beach-Florence, SC152%
Bottom 5 Counties in SC
CountyMarket AreaProfit Margin
DillonMyrtle Beach-Florence, SC-62%
JasperSavannah, GA-46%
FairfieldColumbia, SC3%
GeorgetownCharleston, SC31%
HorryMyrtle Beach-Florence, SC33%
CharlestonCharleston, SC38%

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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