10 Best College Towns for House Flippers
College towns have long been known as havens for investors looking to cash in on rentals or turn a profit on a home flip. RealtyTrac recently ranked the best college towns for flippers in 2014.
RealtyTrac analyzed public four-year universities that had enrollment of 20,000 or more as of 2012 and also were located in counties that had unemployment rates below the national average of 6.2 percent. The top 10 college towns for flipping were ranked based on the average gross return on investment (ROI) percentage for single-family home flips there during the first eight months of 2014. (Note: Some college towns did not have sufficient sales or flipping data to be included in the rankings).
Here are the college towns that topped RealtyTrac’s 2014 list:
- University of Minnesota (Minneapolis) Average gross flip profit: $105,292 ROI: 65.59%
- University of Washington (Seattle) Average gross flip profit: $168,247 ROI: 61.88%
- University of Nebraska (Lincoln, Neb.) Average gross flip profit: $53,763 ROI: 55.01%
- San Francisco State (San Francisco) Average gross flip profit: $402,790 ROI: 54.16%
- Thomas Edison State College (Trenton, N.J.) Average gross flip profit: $40,497 ROI: 48.06%
- University of Florida (Gainesville, Fla.) Average gross flip profit: $41,235 ROI: 47.95%
- University of Colorado (Denver) Average gross flip profit: $103,658 ROI: 45.86%
- University of Cincinnati Average gross flip profit: $45,929 ROI: 44.88%
University of Akron (Akron, Ohio) Average gross flip profit: $35,909 ROI: 42.95%
- North Carolina State (Raleigh, N.C.) Average gross flip profit: $61,028 ROI: 38.52%