Market snapshot
This report covers ZIP 38135, 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 38135
In the last 12 months, 16 properties in ZIP 38135 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 $98K in gross margin before rehab, carrying, and closing costs, with a median hold time of 133 days.
Top flippers in the zip
| Rank | Flipper / LLC | Flips |
|---|---|---|
| 1 | REI NATION LLC | 5 |
| 2 | WARD PASTORIUS HOLDINGS LLC | 1 |
| 3 | WORLDWIDE PROPERTY HUB LLC | 1 |
| 4 | SHIFTNEST LLC | 1 |
| 5 | KMLS REAL ESTATE LLC | 1 |
Recent example
5207 BRUTON AVE, MEMPHIS, TN, 38135 · REI NATION LLC
Bought $140,000, sold $242,500 (+$103K), held 100 days.
Recent investor purchases in ZIP 38135
31 investor purchases in ZIP 38135 in the last 6 months, at a median price of $165K. 68% were all-cash. These are the investors competing for deals in this zip right now.
| Date | Property | Investor | Price | Paid with |
|---|---|---|---|---|
| Oct 29, 2026 | 3834 SCHANNA DR | Pretium | $285K | Cash |
| Oct 29, 2026 | 4115 ABELIA HILL DR | VOLUNTEER HOMES LLC | $183K | Financed |
| Oct 19, 2026 | 6601 BRICKMONT RD | REV INVESTMENTS LLC | $224K | Financed |
| Oct 16, 2026 | 3597 OLD BROWNSVILLE RD | Z & S INVESTMENT PROPERTIES LLC | $135K | Cash |
| Oct 5, 2026 | 3810 WALDEN MEADOW DR | CMB HOLDINGS LLC | $166K | Cash |
| Oct 5, 2026 | 5912 PEPPER XING | JRC INVESTMENTS LLC | $165K | Cash |
| Oct 1, 2026 | 6232 SKYLIGHT DR | THREE GENERATIONS RE LLC | $205K | Cash |
| Sep 17, 2026 | 3840 SCHANNA DR | BRANCHED OAK INVESTMENTS LLC | $163K | Financed |
| Sep 11, 2026 | 3748 SCHANNA DR | GTN HOLDINGS LLC | $125K | Financed |
| Sep 9, 2026 | 4152 CATALPA HILL DR | REV INVESTMENTS LLC | $84K | 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 38135, 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.