out of 51
State Rank in Flip Profit
Array
(
[0] => Array
(
[CountyName] => Fremont
[dma_name] => Casper-Riverton, WY
[flips] => 9
[purchase_price] => 224001
[resale_price] => 206552
[gross_margin] => -17449
[gross_margin_perc] => -7.7897
[flipcount_rank] => 5
[flipmargin_rank] => 5
)
[1] => Array
(
[CountyName] => Albany
[dma_name] => Denver, CO
[flips] => 18
[purchase_price] => 245000
[resale_price] => 287872
[gross_margin] => 42872
[gross_margin_perc] => 17.4988
[flipcount_rank] => 3
[flipmargin_rank] => 4
)
[2] => Array
(
[CountyName] => Laramie
[dma_name] => Cheyenne, WY-Scottsbluff, NE
[flips] => 106
[purchase_price] => 196226
[resale_price] => 251544
[gross_margin] => 55317
[gross_margin_perc] => 28.1905
[flipcount_rank] => 1
[flipmargin_rank] => 3
)
[3] => Array
(
[CountyName] => Natrona
[dma_name] => Casper-Riverton, WY
[flips] => 69
[purchase_price] => 144678
[resale_price] => 199206
[gross_margin] => 54528
[gross_margin_perc] => 37.6892
[flipcount_rank] => 2
[flipmargin_rank] => 2
)
[4] => Array
(
[CountyName] => Campbell
[dma_name] => Denver, CO
[flips] => 11
[purchase_price] => 155195
[resale_price] => 236569
[gross_margin] => 81374
[gross_margin_perc] => 52.4334
[flipcount_rank] => 4
[flipmargin_rank] => 1
)
)
Top 5 Counties in WY
| County | Market Area | Profit Margin |
|---|
| Campbell | Denver, CO | 52% |
|---|
| Natrona | Casper-Riverton, WY | 38% |
|---|
| Laramie | Cheyenne, WY-Scottsbluff, NE | 28% |
|---|
| Albany | Denver, CO | 17% |
|---|
| Fremont | Casper-Riverton, WY | -8% |
|---|
Bottom 5 Counties in WY
| County | Market Area | Profit Margin |
|---|
| Fremont | Casper-Riverton, WY | -8% |
|---|
| Albany | Denver, CO | 17% |
|---|
| Laramie | Cheyenne, WY-Scottsbluff, NE | 28% |
|---|
| Natrona | Casper-Riverton, WY | 38% |
|---|
| Campbell | Denver, CO | 52% |
|---|
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).
