Investment returns on flipped houses have declined nationwide for three straight quarters. But some cities still have a robust flipping market, while others are worth avoiding.
Here's a look at the five best and five worst cities for house flipping investment returns during 2Q17.
No. 5 Best: Cleveland, Ohio
Flipped price: $111,000
Gross profit: $56,000
ROI: 101.8%
No. 5 Worst: San Francisco, Calif.
Flipped price: $680,000
Gross profit: $145,000
ROI: 27.1%
No. 4 Best: Harrisburg, Pa.
Flipped price: $149,900
Gross profit: $76,150
ROI: 103.3%
No. 4 Worst: San Jose, Calif.
Flipped price: $870,000
Gross profit: $185,000
ROI: 27%
No. 3 Best: Philadelphia, Pa.
Flipped price: $184,000
Gross profit: $98,000
ROI: 114%
No. 3 Worst: Austin, Texas
Flipped price: $335,160
Gross profit: $69,160
ROI: 26%
No. 2 Best: Baton Rouge, La.
Flipped price: $152,000
Gross profit: $83,000
ROI: 120.3%
No. 2 Worst: Boise, Idaho
Flipped price: $232,218
Gross profit: $44,254
ROI: 23.5%
No. 1 Best: Pittsburgh, Pa.
Flipped price: $145,000
Gross profit: $86,200
ROI: 146.6%
No. 1 Worst: Honolulu, Hawaii
Flipped price: $470,000
Gross profit: $71,000
ROI: 17.8%