Market snapshot
This report covers ZIP 28159, Spencer, NC. Demographic and housing figures blend U.S. Census ACS 5-year estimates with current rental listings. Flip-activity figures come from public county records of real estate transactions in the last 12 months, filtered to exclude wholesale deals, family transfers, and new construction.
Flipper activity in ZIP 28159
In the last 12 months, 4 properties in ZIP 28159 were bought and resold by investors, matching a real-flip profile (28 to 540 day hold, purchase of $25K or more, no new construction, rebuilds, iBuyers or multi-parcel sales; money-losing flips included). The typical flip cleared $52K in gross margin before rehab, carrying, and closing costs, with a median hold time of 97 days.
Top flippers in the zip
| Rank | Flipper / LLC | Flips |
|---|---|---|
| 1 | SERVBANK NA | 1 |
| 2 | NATIONAL ASSET ACQUISITION 2 LLC | 1 |
| 3 | CWM HOLDINGS LLC | 1 |
| 4 | JOHNSON TONYA | 1 |
Recent example
605 2ND ST, SPENCER, NC, 28159 · SERVBANK NA
Bought $79,300, sold $76,800 ($-2500), held 63 days.
Recent investor purchases in ZIP 28159
15 investor purchases in ZIP 28159 in the last 6 months, at a median price of $65K. 73% were all-cash. These are the investors competing for deals in this zip right now.
| Date | Property | Investor | Price | Paid with |
|---|---|---|---|---|
| Oct 13, 2026 | 416 S SPENCER AVE | CWM HOLDINGS LLC | $52K | Cash |
| Sep 23, 2026 | 803 3RD ST | CAD COMMUNITY DEVELOPMENT LLC | $295K | Financed |
| Sep 17, 2026 | 506 4TH ST | ELITE MANAGEMENT GROUP USA LLC | $28K | Cash |
| Aug 27, 2026 | 705 S IREDELL AVE | SCOTT BUYS HOUSES LLC | $95K | Cash |
| Aug 26, 2026 | 1003 2ND ST | BLANCO DANIEL VASQUEZ | $240K | Cash |
| Aug 20, 2026 | ADAMS ST | OJT HOLDINGS LLC | $12K | Cash |
| Aug 20, 2026 | 120 10TH ST | CASA VARGAS PROPERTIES LLC | $125K | Financed |
| Aug 14, 2026 | 331 GRANT ST | R GARDNER PROPERTIES LLC | $59K | Cash |
| Jul 24, 2026 | ALEXANDER ST | BIRDZEYE INC | $55K | Cash |
| Jul 24, 2026 | JORDAN AVE | GADDIS BROS PROPERTY HOLDINGS LLC | $150K | Cash |
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See every flip in 28159, with full buyer and deal details
The full tool shows every flip transaction with buyer entity, exact purchase price, sale price, margin, and hold time. Plus the complete flipper leaderboard, comps for any address, rental analysis, and our T1F Market Score.
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About this data
Flip transactions: Pulled from public county recording records via SFR Analytics. Filtered to investor purchases resold 28 to 540 days later (shorter holds are wholesale or assignment deals). New construction, rebuilds, iBuyers, homebuilders, multi-parcel sales, family transfers and purchases under $25K are excluded. Money-losing flips are included, so margins reflect the real range of outcomes.
Gross margin: Sale price minus purchase price. Does not include rehab, carrying, or closing costs. Use our Deal Calculator to model full project returns.
Demographics and rent: Population, median household income, and median home value from U.S. Census ACS 5-year estimates (2022). Rental figures reflect current listings from SFR Analytics.
Why we built this: Tier One Funding is a direct bridge and fix-and-flip lender. We built this free tool because flippers kept asking us, "What are the real numbers in my market?" and there was no free answer that wasn't buried behind a paywall. Use the data to decide where to buy, then call us when you need bridge capital.