When it comes to return on investment, house flippers are getting a better deal in Baltimore than anywhere else in the country.
According to RealtyTrac Inc., the average flipped property in Baltimore produced an 88 percent return on investment last quarter. On average, Baltimore flippers paid $140,902 for a house that they turned around and sold months later for $264,487, for an average gross profit of $123,585. That’s an increase from the previous quarter, which showed a 73 percent return on investment.
Across all metro areas checked by RealtyTrac, the average return on investment for a flipped property was 36 percent.
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