out of 51
State Rank in Flip Profit
Array
(
[0] => Array
(
[CountyName] => Marion
[dma_name] => Clarksburg-Weston, WV
[flips] => 24
[purchase_price] => 135300
[resale_price] => 123000
[gross_margin] => -12300
[gross_margin_perc] => -9.0909
[flipcount_rank] => 7
[flipmargin_rank] => 11
)
[1] => Array
(
[CountyName] => Putnam
[dma_name] => Charleston-Huntington, WV
[flips] => 9
[purchase_price] => 120501
[resale_price] => 156000
[gross_margin] => 35499
[gross_margin_perc] => 29.4595
[flipcount_rank] => 11
[flipmargin_rank] => 10
)
[2] => Array
(
[CountyName] => Monongalia
[dma_name] => Pittsburgh, PA
[flips] => 36
[purchase_price] => 184046
[resale_price] => 246111
[gross_margin] => 62065
[gross_margin_perc] => 33.7225
[flipcount_rank] => 4
[flipmargin_rank] => 9
)
[3] => Array
(
[CountyName] => Marshall
[dma_name] => Wheeling, WV-Steubenville, OH
[flips] => 10
[purchase_price] => 66600
[resale_price] => 102300
[gross_margin] => 35700
[gross_margin_perc] => 53.6036
[flipcount_rank] => 9
[flipmargin_rank] => 8
)
[4] => Array
(
[CountyName] => Jefferson
[dma_name] => Washington, DC (Hagerstown, MD)
[flips] => 59
[purchase_price] => 148441
[resale_price] => 233254
[gross_margin] => 84814
[gross_margin_perc] => 57.1365
[flipcount_rank] => 1
[flipmargin_rank] => 7
)
[5] => Array
(
[CountyName] => Berkeley
[dma_name] => Washington, DC (Hagerstown, MD)
[flips] => 52
[purchase_price] => 109250
[resale_price] => 178000
[gross_margin] => 68750
[gross_margin_perc] => 62.9291
[flipcount_rank] => 3
[flipmargin_rank] => 6
)
[6] => Array
(
[CountyName] => Wood
[dma_name] => Parkersburg, WV
[flips] => 53
[purchase_price] => 59472
[resale_price] => 97557
[gross_margin] => 38085
[gross_margin_perc] => 64.0385
[flipcount_rank] => 2
[flipmargin_rank] => 5
)
[7] => Array
(
[CountyName] => Wayne
[dma_name] => Charleston-Huntington, WV
[flips] => 10
[purchase_price] => 50900
[resale_price] => 93000
[gross_margin] => 42100
[gross_margin_perc] => 82.7112
[flipcount_rank] => 9
[flipmargin_rank] => 4
)
[8] => Array
(
[CountyName] => Kanawha
[dma_name] => Charleston-Huntington, WV
[flips] => 26
[purchase_price] => 55320
[resale_price] => 112700
[gross_margin] => 57380
[gross_margin_perc] => 103.7238
[flipcount_rank] => 5
[flipmargin_rank] => 3
)
[9] => Array
(
[CountyName] => Cabell
[dma_name] => Charleston-Huntington, WV
[flips] => 11
[purchase_price] => 39250
[resale_price] => 88000
[gross_margin] => 48750
[gross_margin_perc] => 124.2038
[flipcount_rank] => 8
[flipmargin_rank] => 2
)
[10] => Array
(
[CountyName] => Harrison
[dma_name] => Clarksburg-Weston, WV
[flips] => 25
[purchase_price] => 60000
[resale_price] => 143000
[gross_margin] => 83000
[gross_margin_perc] => 138.3333
[flipcount_rank] => 6
[flipmargin_rank] => 1
)
)
Top 5 Counties in WV
County | Market Area | Profit Margin |
Harrison | Clarksburg-Weston, WV | 138% |
---|
Cabell | Charleston-Huntington, WV | 124% |
---|
Kanawha | Charleston-Huntington, WV | 104% |
---|
Wayne | Charleston-Huntington, WV | 83% |
---|
Wood | Parkersburg, WV | 64% |
---|
Berkeley | Washington, DC (Hagerstown, MD) | 63% |
Bottom 5 Counties in WV
County | Market Area | Profit Margin |
Marion | Clarksburg-Weston, WV | -9% |
---|
Putnam | Charleston-Huntington, WV | 29% |
---|
Monongalia | Pittsburgh, PA | 34% |
---|
Marshall | Wheeling, WV-Steubenville, OH | 54% |
---|
Jefferson | Washington, DC (Hagerstown, MD) | 57% |
---|
Berkeley | Washington, DC (Hagerstown, MD) | 63% |
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).