House Flipping Report
Neighborhood Data
Cheboygan, MI 49721
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 Cheboygan, MI . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Cheboygan County , we've been able to rank it against its peer counties within Michigan. To provide an even fuller picture, we also ranked Michigan against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Michigan
#12th in US
#37th in US
Cheboygan County
#37th in MI
#81st in MI
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 Median Sale Price
$ 126,0000.04% YoY Change
Latest Monthly Sales Count
95
List Price /sqft
$92
-0.08% from last quarter
Avg. Days on Market
107
-0.13% from last year
Average Home Sqft
$1,800
0.07% from last year
In order to successfully flip houses, you need the population of the area to be trending northward, which appears to be the case with Cheboygan County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Michigan 9,995,915
0.2% #10th in US
Cheboygan County
25,413
0.06% #53rd in MI
49721
14,436
#58th in MI
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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