House Flipping Report
Neighborhood Data
El Rito, NM 87530
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 El Rito, NM . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Rio Arriba County , we've been able to rank it against its peer counties within New Mexico. To provide an even fuller picture, we also ranked New Mexico against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
New Mexico
#42nd in US
#47th in US
Rio Arriba County
#14th in NM
#2nd in NM
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 Arriba 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
New Mexico 2,095,428
0.1% #36th in US
Rio Arriba County
39,006
-0.47% #13th in NM
87530
974
#71st in NM
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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