Cannon, TN Sees 23 Home Flips with Average Gross ROI of 31.3%
Real estate investors in Cannon County, Tennessee, executed 23 residential property flips over the trailing 12-month period ending July 2026, demonstrating active capital turnover within the local market. These flips generated an average gross profit of $67,000 per property, yielding an average gross return on investment (ROI) of 31.3% before accounting for rehabilitation, holding, or selling costs.
County Overview
Cannon County's flip activity, encompassing 23 homes bought and resold within a 12-month timeframe, positions it as a market with discernible investor interest, according to BatchData's flip activity report. The average gross profit of $67,000 per flip highlights the potential for substantial returns for those engaged in property renovation and resale. This figure is a key indicator for investors seeking markets where value-add strategies can translate into significant gains. The average gross ROI of 31.3% further underscores the profitability of these ventures, providing a clear metric for assessing investment efficiency in the county.
Compared to its home state, Cannon County ranks #75 out of 95 counties in Tennessee for flip volume, representing 0.2% of the state's total 13,552 flips. While this volume is smaller relative to larger metropolitan areas, it indicates a consistent, albeit localized, level of investor engagement. The average time to flip in Cannon County stands at 153 days, reflecting the pace at which properties are acquired, renovated, and brought back to market. This turnaround time is crucial for investors focused on efficient capital deployment and maximizing their return cycles within real estate investing.
Local Market Context
The 23 residential flips in Cannon County reflect a focused segment of the Tennessee real estate landscape. With an average gross profit of $67,000 and a 31.3% gross ROI, investors in this market are achieving healthy margins on their projects. These figures suggest that properties are being purchased at prices that allow for significant value addition through renovation, which is then captured upon resale. The 153-day average hold length for these flips indicates a relatively swift process from acquisition to disposition, appealing to investors who prioritize rapid capital redeployment. Such a turnover rate points to a market where demand is sufficient to absorb flipped properties within a five-month window.
While Cannon County's 23 flips constitute a modest share of the statewide total of 13,552 flips, and a tiny fraction of the national total of 341,944 flips, its specific metrics offer valuable insights. The average gross profit of $67,000 in Cannon County suggests that even in a smaller market, opportunities exist for profitable ventures. The 31.3% average gross ROI demonstrates that capital deployed in Cannon County flips yields competitive returns, potentially attracting investors looking beyond the saturated major metropolitan areas. This local performance indicates that while the raw volume is lower, the market's structure supports strong individual project profitability.
The distinct profile of Cannon County, with its specific average gross profit and ROI, indicates a market that, despite its size, offers a compelling environment for property flippers. The 153-day average for holding and reselling properties suggests an efficient market where investor capital can be turned over effectively. This local dynamic can be further explored by investors using property data API tools to identify similar pockets of opportunity. Understanding these granular details, as provided in market reports like this one, helps investors make informed decisions about where to focus their efforts for optimal returns, considering both the volume of activity and the profitability of individual projects.