RealtyTrac has created an interactive county-level heat map showing returns on home flipping over the last 12 months in 1,050 counties nationwide, and selected the 14 best counties for flipping homes in 2014 based on return on investment, availability of inventory to flip and low unemployment rates.
Although flipping was down nationwide in the first quarter of 2014 compared to a year ago — with 3.7 percent of all single family home sales that were flips compared to a 6.5 percent share of sales a year ago — flippers are making a bigger average profit per flip. In the first quarter of 2014, the average gross profit per flip nationwide was $55,574, a 30 percent ROI.
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