Memphis Tennessee Investment Property

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Memphis Investment Property
Rental Income Protection for Investment Property


 El Hill (Lakeland), Memphis, 38002  [RCM]
1 Photo
Home for sale: El Hill (Lakeland), Memphis, TN
   
Purchase Price: $185,000 Rental Income: $1,795
Bedrooms: 4 Property Tax: $259
Bathrooms: 3.5 Insurance/HOA: $65
Size: (sq ft) 2,594  Property Mgmt: $158
Price/Sq foot:  $71 Cash Flow: (Raw) $1,313
Year Built: 1997 Cap Rate: 8.5%
Parking: 2 Att Rent/Value Ratio: 1.0%
Neighborhood: B+ DealGrader™: 7.5
Beautiful 4 bedrooms, 3.5 baths on a great lot.   Just renovated and tenant deposit received!
 Frayser Blvd, Memphis, 38127  [NRE]
1 Photo
Home for sale: Frayser Blvd, Memphis, TN
   
Purchase Price: $51,000 Rental Income: $625
Bedrooms: 3 Property Tax: $52
Bathrooms: 1 Insurance/HOA: $30
Size: (sq ft) 1,272  Property Mgmt: $63
Price/Sq foot:  $40 Cash Flow: (Raw) $481
Year Built: 1955 Cap Rate: 11.3%
Parking: Carport Rent/Value Ratio: 1.2%
Neighborhood: C+ DealGrader™: 7.9
Great 3 bedroom 1 bath home.  Tenant occupied and ready to go!
 Canfield Ave, Memphis, 38127  [NRE]
1 Photo
Home for sale: Canfield Ave, Memphis, TN
   
Purchase Price: $55,000 Rental Income: $650
Bedrooms: 3 Property Tax: $78
Bathrooms: 1 Insurance/HOA: $26
Size: (sq ft) 1,328  Property Mgmt: $65
Price/Sq foot:  $41 Cash Flow: (Raw) $481
Year Built: 1957 Cap Rate: 10.5%
Parking: Rent/Value Ratio: 1.2%
Neighborhood: C+ DealGrader™: 7.8
Great 3 bedroom 1 bath home with fenced back yard and deck.


 Ridgemont Ave, Memphis, 38128  [NRE]
6 Photos
Home for sale: Ridgemont Ave, Memphis, TN
   
Purchase Price: $69,900 Rental Income: $685
Bedrooms: 3 Property Tax: $44
Bathrooms: 1 Insurance/HOA: $32
Size: (sq ft) 1,134  Property Mgmt: $69
Price/Sq foot:  $62 Cash Flow: (Raw) $541
Year Built: 1971 Cap Rate: 9.3%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: C+ DealGrader™: 7.6
This house has been totally rehabbed with all new mechanical systems.  Tenant in place at $685 per month!
 Tradewinds Terr, Memphis, 38118  [MIP]
5 Photos
Home for sale: Tradewinds Terr, Memphis, TN
   
Purchase Price: $85,900 Rental Income: $850
Bedrooms: 3 Property Tax: $89
Bathrooms: 2 Insurance/HOA: $47
Size: (sq ft) 1,143  Property Mgmt: $68
Price/Sq foot:  $75 Cash Flow: (Raw) $646
Year Built: 1977 Cap Rate: 9.0%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: B+ DealGrader™: 7.6
Great opportunity for this recently renovated 3 bedroom 2 bath home!
 Bluffdale St, Memphis, 38118  [MIP]
1 Photo
Home for sale: Bluffdale St, Memphis, TN
   
Purchase Price: $98,700 Rental Income: $895
Bedrooms: 3 Property Tax: $111
Bathrooms: 2 Insurance/HOA: $54
Size: (sq ft) 1,588  Property Mgmt: $72
Price/Sq foot:  $62 Cash Flow: (Raw) $658
Year Built: 1960 Cap Rate: 8.0%
Parking: Carport Rent/Value Ratio: 0.9%
Neighborhood: A– DealGrader™: 7.4
Great cash flowing investment on this 3 bedroom 2 bath home in the Hickory Hills Area!
 Mowhawk Ave, Memphis, 38109  [MIP]
1 Photo
Home for sale: Mowhawk Ave, Memphis, TN
   
Purchase Price: $60,000 Rental Income: $695
Bedrooms: 3 Property Tax: $77
Bathrooms: 1 Insurance/HOA: $33
Size: (sq ft) 1,132  Property Mgmt: $56
Price/Sq foot:  $53 Cash Flow: (Raw) $529
Year Built: 1960 Cap Rate: 10.6%
Parking: Carport Rent/Value Ratio: 1.2%
Neighborhood: B+ DealGrader™: 7.8
Great 3 bedroom 1 bath home in the Whitehaven area!
 Tulane Rd, Memphis, 38109  [MIP]
1 Photo
Home for sale: Tulane Rd, Memphis, TN
   
Purchase Price: $89,900 Rental Income: $875
Bedrooms: 4 Property Tax: $131
Bathrooms: 1.5 Insurance/HOA: $49
Size: (sq ft) 2,052  Property Mgmt: $70
Price/Sq foot:  $44 Cash Flow: (Raw) $625
Year Built: 1961 Cap Rate: 8.3%
Parking: Carport Rent/Value Ratio: 1.0%
Neighborhood: A DealGrader™: 7.5
Large 4 bedroom 1.5 bath home in the Whitehaven area.  Currently under renovation.
 December St, Memphis, 38109  [MIP]
1 Photo
Home for sale: December St, Memphis, TN
   
Purchase Price: $65,000 Rental Income: $700
Bedrooms: 3 Property Tax: $59
Bathrooms: 1 Insurance/HOA: $35
Size: (sq ft) 1,036  Property Mgmt: $56
Price/Sq foot:  $63 Cash Flow: (Raw) $550
Year Built: 1959 Cap Rate: 10.2%
Parking: Carport Rent/Value Ratio: 1.1%
Neighborhood: B– DealGrader™: 7.7
Great opportunity for this 3 bedroom 1 bath home.
 Barberry St, Memphis, 38128  [MiP]
1 Photo
Home for sale: Barberry St, Memphis, TN
   
Purchase Price: $84,000 Rental Income: $825
Bedrooms: 3 Property Tax: $72
Bathrooms: 2 Insurance/HOA: $46
Size: (sq ft) 1,104  Property Mgmt: $66
Price/Sq foot:  $76 Cash Flow: (Raw) $641
Year Built: 1979 Cap Rate: 9.2%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: B+ DealGrader™: 7.6
Great cash flowing investment!!
 Leigh Dr, Memphis, 38116  [MIP]
1 Photo
Home for sale: Leigh Dr, Memphis, TN
   
Purchase Price: $83,000 Rental Income: $795
Bedrooms: 3 Property Tax: $98
Bathrooms: 1.5 Insurance/HOA: $45
Size: (sq ft) 1,383  Property Mgmt: $64
Price/Sq foot:  $60 Cash Flow: (Raw) $588
Year Built: 1960 Cap Rate: 8.5%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: A– DealGrader™: 7.5
Great investment opportunity!
 Crossfield Rd (NEW CONST), Memphis, 38019  [MIP]
11 Photos
Home for sale: Crossfield Rd (NEW CONST), Memphis, TN
   
Purchase Price: $129,999 Rental Income: $1,250
Bedrooms: 3 Property Tax: $210
Bathrooms: 2 Insurance/HOA: $71
Size: (sq ft) 1,350  Property Mgmt: $94
Price/Sq foot:  $96 Cash Flow: (Raw) $875
Year Built: 2017 Cap Rate: 8.1%
Parking: 2 Att Rent/Value Ratio: 1.0%
Neighborhood: A– DealGrader™: 7.4
Great opportunity to own this income producing new construction property!

More Properties Coming Soon!

POPULATION GROWTH

  • Memphis has 1.32 million residents in the metro area.
  • Memphis had a population of 655,155 in 2012 making it the largest city in the state of Tennessee, the third largest in the Southeastern United States, and the 20th largest in the United States.
  • Population growth is relatively flat.

JOB GROWTH

  • Currently, job growth remains relatively flat.
  • FedEx Global World Hub employs 30,000 employees.
  • One of only 4 major cities the new I–69 interstate (Canada to Mexico) will pass through.

ECONOMY

  • 17th largest city in the United States.
  • 3rd largest railroad center in the U.S.
  • 45% of the population rents compares to the national average of 28% of cities with similar size.
  • Largest distribution center in the U.S. including over 600 trucking companies operating from Memphis.
  • Diversified economy based in transportation, shipping, medical. Headquarters of International Paper and Auto Zone as well as major operations for Nike, William-Sonoma and Medtronic.

TAXES / COST OF LIVING

  • Overall cost of living is 10% less than the national average.
  • 2nd lowest cost of living in the nation.
  • No state income tax.

HOUSING

  • High rents relative to median home prices; high net yields.
  • Almost half of the Memphis population lives in rental properties.
  • The metro area recorded a year-over-year increase of more than 8% through September 2013.  CoreLogic predicts that prices will appreciate another 7.3% in the 12 months ending September 2014.
  • Memphis is a bargain hunter's delight.  The median home price of $122,000 is just 2.2 times the median income of $56,400, a favorable ratio.  The average in the United States is 2.8.

MISCELLANEOUS

  • World class medical center including St. Jude Children’s Research Hospital.
  • Attractive weather and cost of living promotes population growth.
  • New "America’s Aerotroplis" and Nation’s Distribution Center.
  • Largest city in Tennessee;  20th largest city in US.

Overview

Memphis is a very large city located in the state of Tennessee. With a population of 652,050 people and 181 constituent neighborhoods, Memphis is the largest community in Tennessee.

Memphis is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Memphis is a city of sales and office workers, service providers and professionals. There are especially a lot of people living in Memphis who work in office and administrative support (16.12%), sales jobs (10.79%) and management occupations (6.92%).

One important feature of Memphis is that it is one of the most car-oriented large cities in the country. In fact, 80.59% of people commute to and from work every day by private automobile, eschewing alternative forms of transportation, which are not widely available in Memphis anyway. So, if you like to drive, Memphis is the city for you! The landscape around Memphis reflects this: wide streets, parking lots, plenty of highways, malls, and shopping centers are what you'll find.

Memphis Information and Demographics

The education level of Memphis citizens is a little higher than the average for US cities and towns: 22.48% of adults in Memphis have at least a bachelor's degree.

The per capita income in Memphis in 2010 was $21,007, which is upper middle income relative to Tennessee, and middle income relative to the rest of the US. This equates to an annual income of $84,028 for a family of four. However, Memphis contains both very wealthy and poor people as well.

Memphis is an extremely ethnically-diverse city. The people who call Memphis home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Memphis residents report their race to be Black or African-American, followed by White. Important ancestries of people in Memphis include English, Irish and German.

The most common language spoken in Memphis is English. Some people also speak Spanish.


Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.

Price Forecast for Memphis, TN  (MSA)
6.1% 9.1% 11.9% 14.7%
Next 24 Months Next 36 Months Next 48 Months Next 60 Months

Metropolitan Statistical Area (MSA) represents the current U.S. defined sampling area or region for reporting data to various local and state governments.  MSAs may cross county and state lines to form a qualified statistical region.

Median Price Trends — Memphis, TN
Market Inventory Trends — Memphis, TN
Average Days on Market — Memphis, TN
Market Action Index — Memphis, TN

Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.

Additional Statistics for Memphis, TN
250,501 80,745 34 21 minutes
Number of Homes Homes
with Children
Median Age Average
Commute Time
Unemployment Rate Trends — Memphis, TN
Unemployment Rate Trends - Memphis, Tennessee
            Memphis, Tennessee, National.   (Recessions shown as gray bars.)
Total Employment Trends — Memphis, TN
Total Employment - Memphis, Tennessee
            CPS - Current Population Survey,  CES - Current Employment Statistics.
Real Median Household Income Trends — Memphis, TN
Real Median Household Income Trends - Memphis, Tennessee
            Memphis, Tennessee, National.
Home Rent-to-Mortgage Payment Ratio — Memphis, TN
Home Rent-to-Mortgage Payment Ratio - Memphis, Tennessee

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics.  A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments.  Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper.  (Note: taxes are not considered here.)

The rent-to-mortgage payment ratio for Memphis was 1.24 in December 2012.

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.


Basic Purchase Information

Property Value  (est.) $
Purchase Price $
Down Payment  (%) $
Equity at Purchase $

Mortgage Calculation

Interest Rate (%)
Down Payment (%)
Loan Term (Fixed)
Loan Amount: $, Loan Term: yrs, Interest Rate: %
Loan Amount $
Annual Payment $
Monthly Payment $

Cash to Purchase

Down Payment  (%) $
Closing Costs  (%) $
Total Cash Required $
 
    Numbers in blue boxes can be modified.
    Calculations under all tabs update in real-time.
 
 

Calculation Assumptions

Rental Income (mo.) $
Property Taxes $
Insurance $
Homeowners Assoc. $
Management Fee (%)
Maintenance Reserve (%)
Appreciation Rate (%)
Vacancy Allowance (%)
Rental Income Increase (%)
Property Tax Increase (%)
Closing Costs (Buy) (%)
Closing Costs (Sell) (%)

Cash Flow and Equity Accumulation

CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Gross Scheduled Income
  less Vacancy Allowance
Total Operating Income
                 
Property Taxes
Insurance
Homeowners Association
Maintenance Reserve
Property Management
Total Operating Expenses
                 
Net Operating Income (NOI)
  less Mortgage Expense
ANNUAL CASH FLOW
MONTHLY CASH FLOW
                 
TAX BENEFITS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest
                 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value
  less Mortgage Balance
EQUITY (WEALTH)
                 
FINANCIAL PERFORMANCE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Capitalization (Cap) Rate
Cash on Cash Return (COC)
Return on Investment (ROI)
Internal Rate of Return (IRR)


Note: Google's Street View images may be as much as two years old.





Please contact us for neighborhood specific information and demographics.

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