House Flipping Report
Neighborhood Data
Bailey Island, ME 04003
Print
Successfully flipping a house depends on a number of different factors including population growth, increasing housing prices and cheap houses for sale. We are analyzing thousands of data points for Bailey Island, ME . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Cumberland County , we've been able to rank it against its peer counties within Maine. To provide an even fuller picture, we also ranked Maine against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Maine
#47th in US
#51st in US
Cumberland County
#2nd in ME
#13th in ME
Number of Flips: We identify house flips as houses that are bought and sold within 12 months excluding forclosures, REOs and multi-parcel sales.
Flip Profit: The profit is the gross margin calculated by subtracting the original purchase price from the new resale price.
Latest Monthly Sales Count
413
In order to successfully flip houses, you need the population of the area to be trending northward, which appears to be the case with Cumberland County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Maine
1,338,404
0.25%
#42nd in US
Cumberland County
293,557
0.41%
#1st in ME
04003
330
#62nd in ME
FlipMarket is the industry standard for providing you the exact data needed to see if flipping a house will be successful. To find properties for sale that may fit your budget and be house flipping candidates, check this list of popular searches.
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