South Dakota

South Dakota House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Union
            [dma_name] => Sioux City, IA
            [flips] => 6
            [purchase_price] => 188750
            [resale_price] => 497500
            [gross_margin] => 308750
            [gross_margin_perc] => 163.5762
            [flipcount_rank] => 2
            [flipmargin_rank] => 2
        )

    [1] => Array
        (
            [CountyName] => Minnehaha
            [dma_name] => Sioux Falls, SD
            [flips] => 24
            [purchase_price] => 91500
            [resale_price] => 299000
            [gross_margin] => 207500
            [gross_margin_perc] => 226.7760
            [flipcount_rank] => 1
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in SD
CountyMarket AreaProfit Margin
MinnehahaSioux Falls, SD227%
UnionSioux City, IA164%
Bottom 5 Counties in SD
CountyMarket AreaProfit Margin
UnionSioux City, IA164%
MinnehahaSioux Falls, SD227%

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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