Market snapshot
This report covers ZIP 38118, 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 38118
In the last 12 months, 40 properties in ZIP 38118 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 $75K in gross margin before rehab, carrying, and closing costs, with a median hold time of 175 days.
Top flippers in the zip
| Rank | Flipper / LLC | Flips |
|---|---|---|
| 1 | REI NATION LLC | 10 |
| 2 | MID SOUTH HOMEBUYERS LLC | 9 |
| 3 | MARVINS GARDEN LLC | 3 |
| 4 | GOLDSTAR HOMES LLC | 2 |
| 5 | VOLUNTEER HOMES LLC | 1 |
Recent example
3006 PHYLLIS LN, MEMPHIS, TN, 38118 · VOLUNTEER HOMES LLC
Bought $60,000, sold $69,906 (+$10K), held 231 days.
Recent investor purchases in ZIP 38118
89 investor purchases in ZIP 38118 in the last 6 months, at a median price of $105K. 52% were all-cash. These are the investors competing for deals in this zip right now.
| Date | Property | Investor | Price | Paid with |
|---|---|---|---|---|
| Oct 29, 2026 | 4660 CHUCK AVE | ALLSON LLC | $113K | Cash |
| Oct 28, 2026 | 3125 DARROW ST | HVLS HOLDINGS LLC | $116K | Financed |
| Oct 27, 2026 | 3090 KINGSGATE AVE | MEMPHIS INVESTMENT PROPERTIES IV LLC | $45K | Financed |
| Oct 23, 2026 | 3687 BEDFORD LN | LOWDEN PROPERTIES LLC | $132K | Cash |
| Oct 22, 2026 | 3452 DOBBIN FERRY AVE | YYMBJ HOUSES LLC | $75K | Cash |
| Oct 22, 2026 | 3237 HARAWAY ST | VOLUNTEER HOMES LLC | $75K | Financed |
| Oct 15, 2026 | 3032 BRISDANE ST | 45 DEL LLC | $82K | Cash |
| Oct 15, 2026 | 4903 BRENTDALE AVE | BRANCHED OAK INVESTMENTS LLC | $75K | Financed |
| Oct 14, 2026 | 3034 JEAN DR | CAMPBELL GREGORY A | $62K | Cash |
| Oct 13, 2026 | 2866 GETWELL RD | KOUCH RENEE KIM | $50K | Cash |
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More of Memphis
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See every flip in 38118, 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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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.