out of 51
State Rank in Flip Profit
Array
(
[0] => Array
(
[CountyName] => Orange
[dma_name] => Burlington, VT-Plattsburgh, NY
[flips] => 11
[purchase_price] => 143100
[resale_price] => 50000
[gross_margin] => -93100
[gross_margin_perc] => -65.0594
[flipcount_rank] => 3
[flipmargin_rank] => 11
)
[1] => Array
(
[CountyName] => Orleans
[dma_name] => Burlington, VT-Plattsburgh, NY
[flips] => 9
[purchase_price] => 152900
[resale_price] => 132000
[gross_margin] => -20900
[gross_margin_perc] => -13.6691
[flipcount_rank] => 6
[flipmargin_rank] => 10
)
[2] => Array
(
[CountyName] => Windsor
[dma_name] => Burlington, VT-Plattsburgh, NY
[flips] => 10
[purchase_price] => 102500
[resale_price] => 93250
[gross_margin] => -9250
[gross_margin_perc] => -9.0244
[flipcount_rank] => 4
[flipmargin_rank] => 9
)
[3] => Array
(
[CountyName] => Chittenden
[dma_name] => Burlington, VT-Plattsburgh, NY
[flips] => 31
[purchase_price] => 243239
[resale_price] => 300000
[gross_margin] => 56761
[gross_margin_perc] => 23.3355
[flipcount_rank] => 1
[flipmargin_rank] => 8
)
[4] => Array
(
[CountyName] => Addison
[dma_name] => Burlington, VT-Plattsburgh, NY
[flips] => 7
[purchase_price] => 130000
[resale_price] => 205000
[gross_margin] => 75000
[gross_margin_perc] => 57.6923
[flipcount_rank] => 10
[flipmargin_rank] => 7
)
[5] => Array
(
[CountyName] => Windham
[dma_name] => Boston, MA (Manchester, NH)
[flips] => 9
[purchase_price] => 86850
[resale_price] => 143000
[gross_margin] => 56150
[gross_margin_perc] => 64.6517
[flipcount_rank] => 6
[flipmargin_rank] => 6
)
[6] => Array
(
[CountyName] => Rutland
[dma_name] => Burlington, VT-Plattsburgh, NY
[flips] => 20
[purchase_price] => 49525
[resale_price] => 98200
[gross_margin] => 48675
[gross_margin_perc] => 98.2837
[flipcount_rank] => 2
[flipmargin_rank] => 5
)
[7] => Array
(
[CountyName] => Washington
[dma_name] => Burlington, VT-Plattsburgh, NY
[flips] => 8
[purchase_price] => 120000
[resale_price] => 241500
[gross_margin] => 121500
[gross_margin_perc] => 101.2500
[flipcount_rank] => 9
[flipmargin_rank] => 4
)
[8] => Array
(
[CountyName] => Bennington
[dma_name] => Albany-Schenectady-Troy, NY
[flips] => 10
[purchase_price] => 95551
[resale_price] => 197500
[gross_margin] => 101949
[gross_margin_perc] => 106.6959
[flipcount_rank] => 4
[flipmargin_rank] => 3
)
[9] => Array
(
[CountyName] => Caledonia
[dma_name] => Burlington, VT-Plattsburgh, NY
[flips] => 9
[purchase_price] => 55000
[resale_price] => 125000
[gross_margin] => 70000
[gross_margin_perc] => 127.2727
[flipcount_rank] => 6
[flipmargin_rank] => 2
)
[10] => Array
(
[CountyName] => Franklin
[dma_name] => Burlington, VT-Plattsburgh, NY
[flips] => 6
[purchase_price] => 74125
[resale_price] => 197000
[gross_margin] => 122875
[gross_margin_perc] => 165.7673
[flipcount_rank] => 11
[flipmargin_rank] => 1
)
)
Top 5 Counties in VT
County | Market Area | Profit Margin |
Franklin | Burlington, VT-Plattsburgh, NY | 166% |
---|
Caledonia | Burlington, VT-Plattsburgh, NY | 127% |
---|
Bennington | Albany-Schenectady-Troy, NY | 107% |
---|
Washington | Burlington, VT-Plattsburgh, NY | 101% |
---|
Rutland | Burlington, VT-Plattsburgh, NY | 98% |
---|
Windham | Boston, MA (Manchester, NH) | 65% |
Bottom 5 Counties in VT
County | Market Area | Profit Margin |
Orange | Burlington, VT-Plattsburgh, NY | -65% |
---|
Orleans | Burlington, VT-Plattsburgh, NY | -14% |
---|
Windsor | Burlington, VT-Plattsburgh, NY | -9% |
---|
Chittenden | Burlington, VT-Plattsburgh, NY | 23% |
---|
Addison | Burlington, VT-Plattsburgh, NY | 58% |
---|
Windham | Boston, MA (Manchester, NH) | 65% |
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).