House Flip in Phoenix Flipping Houses

More investors are rehabilitating Phoenix homes and looking to sell Phoenix houses for profit, a move known as “flipping.” As investor activity continues to thrive this year, more and more houses will be “flipped” as Phoenix house prices are expected to continue climbing. Phoenix investors who bought while prices were still depreciated and interest rates at record-low will rehabilitate and sell these houses for a profit.

RealtyTrac recently evaluated more than 600 metro areas to find where flipping single-family homes offers some of the highest returns based on the investor’s gross profit. The top four city metros for “house flipping” are:

Orlando

Average purchase price: $103,701

Average flipped price: $168,677

Gross profit percent: 63 percent

Las Vegas

Average purchase price: $133,198

Average flipped price: $203,945

Gross profit percent: 53 percent

Phoenix AZ

Average purchase price: $146,528

Average flipped price: $210,290

Gross profit percent: 44 percent

Tampa

Average purchase price: $79,538

Average flipped price: $113,676

Gross profit percent: 43 percent
RealtyTrac researched the top 25 markets nationwide where flipping single-family houses offers the highest rate of return based on the flipper’s gross profit — the difference between average original purchased price and the eventual flipped sales price of a flipped house. To create the list, RealtyTrac studied more than 600 metro areas throughout the country where flips of single-family homes occurred in last year.

Please contact us and we can provide you with a comprehensive list of good Phoenix houses to flip and guide you through the House Flipping process in AZ. We look forward to hearing from you and working with you soon!

Our best,
Carl Pepper, Realtor
info@MyOwnArizona.com
www.MyOwnArizona.com
Phoenix: (480) 382-9191
Tucson: (520) 822-6575

Featured MLS Listing: 21626 23rd Avenue Phoenix, AZ 85027