In which U.S. cities is a home flip – one bought and resold in 90 days or less – most profitable? A RealtyTrac analysis determines that Fla. has five of the top 10, including the nation’s most profitable city for flipping: Orlando.
In addition to five in the top 10, an additional city made it into the nation’s top 25 for flipping. Overall, Florida cities competed largely with California cities in the RealtyTrac rankings.
RealtyTrac based its cities list on total gross profit earned from a home flip in 2012.
Florida rank of top U.S. cities for home flipping
1. Orlando – 1,912 flips – 63% gross profit
4. Tampa – 3,033 flips – 43% gross profit
6. Miami – 4,299 flips – 37% gross profit
7. Lakeland – 660 flips – 37% gross profit
9. Sarasota – 999 flips – 34% gross profit
20. Cape Coral – 1,547 flips – 15% gross profit
The full report can be found on RealtyTrac’s website.
© 2013 Florida Realtors®
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