House Flipping Report
Neighborhood Data
Homelake, CO 81135
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 Homelake, CO . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Rio Grande County , we've been able to rank it against its peer counties within Colorado. To provide an even fuller picture, we also ranked Colorado against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Colorado
#14th in US
#22nd in US
Rio Grande County
#41st in CO
#23rd in CO
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
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 Rio Grande 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
Colorado 5,695,564
1.42% #21st in US
Rio Grande County
11,250
-0.5% #37th in CO
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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