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
County | Market Area | Profit Margin |
Minnehaha | Sioux Falls, SD | 227% |
---|
Union | Sioux City, IA | 164% |
Bottom 5 Counties in SD
County | Market Area | Profit Margin |
Union | Sioux City, IA | 164% |
---|
Minnehaha | Sioux Falls, SD | 227% |
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).