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83% Profit: P.G. County Ranks As Most Profitable For Flippers
Prince George’s County has been a profitable place to be buying, renovating and selling houses over the last 12 months.
A report out from RealtyTrac concludes that the county to the east of DC was the best place to flip a house between April 2013 and March 2014, with an average return on investment of 83.4 percent. On average, flipped properties were purchased for $125,011 and re-sold for $229,275. RealtyTrace defined a flip as a property that sold during that time period that had previously sold within six months.
Baltimore ranked third on the list, and St. Mary’s and Anne Arundel counties also ranked high.
Here is a look at the top markets as ranked by RealtyTrac.
This article originally published at https://dc.urbanturf.com/articles/blog/83_profit_p.g._county_ranks_as_most_profitable_for_flippers/8560.
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