out of 51
State Rank in Flip Profit
Array
(
[0] => Array
(
[CountyName] => Wasatch
[dma_name] => Salt Lake City, UT
[flips] => 10
[purchase_price] => 391146
[resale_price] => 343750
[gross_margin] => -47396
[gross_margin_perc] => -12.1172
[flipcount_rank] => 13
[flipmargin_rank] => 14
)
[1] => Array
(
[CountyName] => Davis
[dma_name] => Salt Lake City, UT
[flips] => 178
[purchase_price] => 279872
[resale_price] => 315338
[gross_margin] => 35466
[gross_margin_perc] => 12.6722
[flipcount_rank] => 5
[flipmargin_rank] => 13
)
[2] => Array
(
[CountyName] => Washington
[dma_name] => Salt Lake City, UT
[flips] => 102
[purchase_price] => 253984
[resale_price] => 286314
[gross_margin] => 32330
[gross_margin_perc] => 12.7291
[flipcount_rank] => 6
[flipmargin_rank] => 12
)
[3] => Array
(
[CountyName] => Summit
[dma_name] => Salt Lake City, UT
[flips] => 20
[purchase_price] => 600000
[resale_price] => 709844
[gross_margin] => 109844
[gross_margin_perc] => 18.3073
[flipcount_rank] => 11
[flipmargin_rank] => 11
)
[4] => Array
(
[CountyName] => Cache
[dma_name] => Salt Lake City, UT
[flips] => 185
[purchase_price] => 235436
[resale_price] => 279812
[gross_margin] => 44376
[gross_margin_perc] => 18.8484
[flipcount_rank] => 4
[flipmargin_rank] => 10
)
[5] => Array
(
[CountyName] => Utah
[dma_name] => Salt Lake City, UT
[flips] => 270
[purchase_price] => 270000
[resale_price] => 335571
[gross_margin] => 65571
[gross_margin_perc] => 24.2856
[flipcount_rank] => 3
[flipmargin_rank] => 9
)
[6] => Array
(
[CountyName] => Weber
[dma_name] => Salt Lake City, UT
[flips] => 290
[purchase_price] => 193991
[resale_price] => 247391
[gross_margin] => 53399
[gross_margin_perc] => 27.5265
[flipcount_rank] => 2
[flipmargin_rank] => 8
)
[7] => Array
(
[CountyName] => Tooele
[dma_name] => Salt Lake City, UT
[flips] => 80
[purchase_price] => 213750
[resale_price] => 276697
[gross_margin] => 62947
[gross_margin_perc] => 29.4489
[flipcount_rank] => 8
[flipmargin_rank] => 7
)
[8] => Array
(
[CountyName] => Sevier
[dma_name] => Salt Lake City, UT
[flips] => 29
[purchase_price] => 164141
[resale_price] => 212500
[gross_margin] => 48359
[gross_margin_perc] => 29.4619
[flipcount_rank] => 10
[flipmargin_rank] => 6
)
[9] => Array
(
[CountyName] => Salt Lake
[dma_name] => Salt Lake City, UT
[flips] => 708
[purchase_price] => 261150
[resale_price] => 344785
[gross_margin] => 83635
[gross_margin_perc] => 32.0257
[flipcount_rank] => 1
[flipmargin_rank] => 5
)
[10] => Array
(
[CountyName] => Millard
[dma_name] => Salt Lake City, UT
[flips] => 8
[purchase_price] => 130625
[resale_price] => 182132
[gross_margin] => 51507
[gross_margin_perc] => 39.4312
[flipcount_rank] => 14
[flipmargin_rank] => 4
)
[11] => Array
(
[CountyName] => Box Elder
[dma_name] => Salt Lake City, UT
[flips] => 14
[purchase_price] => 190363
[resale_price] => 294895
[gross_margin] => 104532
[gross_margin_perc] => 54.9119
[flipcount_rank] => 12
[flipmargin_rank] => 3
)
[12] => Array
(
[CountyName] => Carbon
[dma_name] => Salt Lake City, UT
[flips] => 30
[purchase_price] => 94696
[resale_price] => 149033
[gross_margin] => 54337
[gross_margin_perc] => 57.3805
[flipcount_rank] => 9
[flipmargin_rank] => 2
)
[13] => Array
(
[CountyName] => Iron
[dma_name] => Salt Lake City, UT
[flips] => 86
[purchase_price] => 166500
[resale_price] => 268716
[gross_margin] => 102216
[gross_margin_perc] => 61.3910
[flipcount_rank] => 7
[flipmargin_rank] => 1
)
)
Top 5 Counties in UT
County | Market Area | Profit Margin |
Iron | Salt Lake City, UT | 61% |
---|
Carbon | Salt Lake City, UT | 57% |
---|
Box Elder | Salt Lake City, UT | 55% |
---|
Millard | Salt Lake City, UT | 39% |
---|
Salt Lake | Salt Lake City, UT | 32% |
---|
Sevier | Salt Lake City, UT | 29% |
Bottom 5 Counties in UT
County | Market Area | Profit Margin |
Wasatch | Salt Lake City, UT | -12% |
---|
Davis | Salt Lake City, UT | 13% |
---|
Washington | Salt Lake City, UT | 13% |
---|
Summit | Salt Lake City, UT | 18% |
---|
Cache | Salt Lake City, UT | 19% |
---|
Utah | Salt Lake City, UT | 24% |
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).