Market snapshot
This report covers ZIP 28409, Wilmington, 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 28409
In the last 12 months, 20 properties in ZIP 28409 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 $105K in gross margin before rehab, carrying, and closing costs, with a median hold time of 252 days.
Top flippers in the zip
| Rank | Flipper / LLC | Flips |
|---|---|---|
| 1 | HILL RYAN B | 1 |
| 2 | VANETTEN STEPHEN C | 1 |
| 3 | SGS INVESTMENTS LLC | 1 |
| 4 | K & M COASTAL PROPERTIES LLC | 1 |
| 5 | ONSHORE VENTURES LLC | 1 |
Recent example
3228 RED BERRY DR, WILMINGTON, NC, 28409 · HILL RYAN B
Bought $687,500, sold $750,000 (+$63K), held 445 days.
Recent investor purchases in ZIP 28409
48 investor purchases in ZIP 28409 in the last 6 months, at a median price of $292K. 71% were all-cash. These are the investors competing for deals in this zip right now.
| Date | Property | Investor | Price | Paid with |
|---|---|---|---|---|
| Oct 20, 2026 | 255 PEIFFER AVE | BLACK DOG CAPITAL LLC | $428K | Cash |
| Oct 16, 2026 | 1029 FAWN VALLEY WAY | ELOCDEV PROPERTIES LLC | $716K | Cash |
| Oct 16, 2026 | 1128 BEASLEY RD | DELANEYS COASTAL CONSTRUCTION LLC | $170K | Cash |
| Oct 15, 2026 | 257 PEIFFER AVE | HAGOOD HOMES INC | $1.6M | Cash |
| Oct 7, 2026 | 225 KILARNY RD | KUZMA CADEN DAVID | $295K | Financed |
| Sep 29, 2026 | 3621 SUTTON DR | F & M REAL ESTATE GROUP LLC | $275K | Cash |
| Sep 25, 2026 | 401 MONTEREY DR | JKK PROPERTIES LLC | $291K | Cash |
| Sep 25, 2026 | 4634 LONG LEAF HILLS DR | CAPE FEAR CASH OFFER LLC | $310K | Financed |
| Sep 22, 2026 | 2075 WHISKEY BRANCH DR | TRUSST BUILDER GROUP LLC | $179K | Cash |
| Sep 21, 2026 | 913 SALTSPRAY LN | KERZA DEVELOPMENT LLC | $292K | Cash |
Watch 28409 every week
Get the newest investor purchases and flips in 28409 in your inbox every Monday. Free, one click to stop.
More of Wilmington
See every zip, the latest investor purchases and flips across the city on the Wilmington, NC fix-and-flip market report.
See every flip in 28409, 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.
Unlock the full 28409 report Free. Email only. No credit card.Nearby markets in NC
Same-state markets near ZIP 28409. Click any to see its fix-and-flip snapshot.
We built this tool. We also write the loans on flips just like the ones above.
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.