Market snapshot
This report covers ZIP 38117, Memphis, TN. 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 38117
In the last 12 months, 26 properties in ZIP 38117 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 $62K in gross margin before rehab, carrying, and closing costs, with a median hold time of 223 days.
Top flippers in the zip
| Rank | Flipper / LLC | Flips |
|---|---|---|
| 1 | SUNDIAL INVESTMENT COMPANY LLC | 2 |
| 2 | FIRST HORIZON BANK | 1 |
| 3 | RIVER CITY ASSET MANAGEMENT LLC | 1 |
| 4 | SECRETARY OF VETERANS AFFAIRS | 1 |
| 5 | BOSCACCY HOLDINGS LLC | 1 |
Recent example
4827 PRINCETON RD, MEMPHIS, TN, 38117 · FIRST HORIZON BANK
Bought $381,000, sold $300,000 ($-81000), held 122 days.
Recent investor purchases in ZIP 38117
54 investor purchases in ZIP 38117 in the last 6 months, at a median price of $155K. 57% were all-cash. These are the investors competing for deals in this zip right now.
| Date | Property | Investor | Price | Paid with |
|---|---|---|---|---|
| Oct 27, 2026 | 5150 LYNBAR AVE | RUIZ PROPERTIES HOME LLC | $220K | Financed |
| Oct 27, 2026 | 4905 ESSEXSHIRE AVE | SUN MOON & STARS INC | $210K | Financed |
| Oct 23, 2026 | 1408 FLAMINGO RD | LEVEL ONE VENTURES LLC | $110K | Financed |
| Oct 13, 2026 | 5150 LYNBAR AVE | MEMPHIS INVESTMENT PROPERTIES IV LLC | $190K | Financed |
| Oct 5, 2026 | 4261 HILLDALE AVE | ZETTERGREN ENTERPRISES 1 LLC | $180K | Cash |
| Sep 30, 2026 | 4594 SEA ISLE RD | BELLA RENTAL LLC | $120K | Cash |
| Sep 29, 2026 | 4906 SPOTTSWOOD AVE | OLEARY SEAN | $125K | Cash |
| Sep 29, 2026 | 1305 CHERRY RD | Vinebrook | $220K | Cash |
| Sep 24, 2026 | 4436 BOYCE RD | GRITZINGER JESSE | $200K | Financed |
| Sep 24, 2026 | 4512 BOYCE RD | BRANCHED OAK INVESTMENTS LLC | $180K | Financed |
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More of Memphis
See every zip, the latest investor purchases and flips across the city on the Memphis, TN fix-and-flip market report.
See every flip in 38117, 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.