Market snapshot
This report covers ZIP 38120, 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 38120
In the last 12 months, 7 properties in ZIP 38120 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 $73K in gross margin before rehab, carrying, and closing costs, with a median hold time of 224 days.
Top flippers in the zip
| Rank | Flipper / LLC | Flips |
|---|---|---|
| 1 | REDSTONE RIVER RESTORATIONS LLC | 1 |
| 2 | MARVINS GARDEN LLC | 1 |
| 3 | ABICART PROPERTIES LLC | 1 |
| 4 | MIDSOUTH REALTY GROUP LLC | 1 |
| 5 | ALBERTINE COMPANY LLC | 1 |
Recent example
685 EATON CV, MEMPHIS, TN, 38120 · REDSTONE RIVER RESTORATIONS LLC
Bought $395,000, sold $589,000 (+$194K), held 538 days.
Recent investor purchases in ZIP 38120
12 investor purchases in ZIP 38120 in the last 6 months, at a median price of $206K. 50% were all-cash. These are the investors competing for deals in this zip right now.
| Date | Property | Investor | Price | Paid with |
|---|---|---|---|---|
| Oct 29, 2026 | 6666 LONDON DR | BLUFF CITY BUILDERS LLC | $300K | Cash |
| Oct 23, 2026 | 1578 QUAIL POINTE CIR W | SARAY VENTURES LLC | $245K | Cash |
| Oct 22, 2026 | 409 MINERAL RD | PINE HILL PLACE LLC | $120K | Cash |
| Oct 6, 2026 | 1584 MASSEY GREEN CV | HANSOM HOMES INC | $250K | Financed |
| Oct 6, 2026 | 5646 ASHLEY SQ N | ALLEN & STEELE LLC | $719K | Financed |
| Oct 2, 2026 | 5310 DENWOOD AVE | TMS FLIPS LLC | $206K | Financed |
| Sep 9, 2026 | 6746 QUAIL HOLLOW CT APT 3 | COOPER PROPERTIES & HOLDINGS LLC | $65K | Cash |
| Aug 7, 2026 | 430 ROSSER RD | CURTIS AUSTIN CONTRACTING SERVICE LLC | $222K | Financed |
| Aug 6, 2026 | 5242 BOSWELL AVE | RHS INVESTMENTS LLC | $180K | Financed |
| Jul 29, 2026 | 5297 BRANTFORD AVE | YOUR TOWN BUYERS GP | $188K | Cash |
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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 38120, 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.