House Flipping Report
Neighborhood Data
Red Oak, OK 74563
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 Red Oak, OK . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Latimer County , we've been able to rank it against its peer counties within Oklahoma. To provide an even fuller picture, we also ranked Oklahoma against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Oklahoma
#23rd in US
#17th in US
Latimer County
#40th in OK
#15th in OK
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
4
In order to successfully flip houses, you need the population of the area to be trending northward, which does not appear to be the case with Latimer County . This does not mean a flip wouldn't be successful, but it may be slightly harder to find a buyer.
Region
Population
Change YoY
Rank
Oklahoma
3,943,079
0.27%
#28th in US
Latimer County
10,231
-1.15%
#57th in OK
74563
2,042
#1st in OK
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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