Memphis Tennessee Investment Property

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Memphis Investment Property
Rental Income Protection for Investment Property


 St Elmo Ave, Memphis, 38127  [MIP]
1 Photo
Home for sale: St Elmo Ave, Memphis, TN
   
Purchase Price: $78,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $850
Bedrooms: 3 Property Tax: $82
Bathrooms: 2 Insurance/HOA: $40
Size: (sq ft) 1,344  Property Mgmt: $68
Price/Sq foot:  $58 Cash Flow: (Raw) $660
Year Built: 1957 Cap Rate: 10.2%
Parking: 1 ATT Rent/Value Ratio: 1.1%
Neighborhood: B+ DealGrader™: 7.7
3 bed and 2 bath single-family home. This property is next to Nike Distribution Center, Shelby is near by and is the largest park inside city limits.

Property is under renovation.
 Cedartree Dr, Memphis, 38141  [MIP]
1 Photo
Home for sale: Cedartree Dr, Memphis, TN
   
Purchase Price: $72,500 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $850
Bedrooms: 2 Property Tax: $87
Bathrooms: 2 Insurance/HOA: $40
Size: (sq ft) 1,356  Property Mgmt: $68
Price/Sq foot:  $53 Cash Flow: (Raw) $655
Year Built: 1989 Cap Rate: 10.8%
Parking: 1 ATT Rent/Value Ratio: 1.2%
Neighborhood: B+ DealGrader™: 7.9
2 bed and 2 bath single-family home. This property is located in Hickory Hill  and is minutes away from Shelby farms which is the largest park inside city limits.
 Garden Springs Dr (Oakland), Memphis, 38060  [MIP]
11 Photos
Home for sale: Garden Springs Dr (Oakland), Memphis, TN
   
Purchase Price: $199,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,295
Bedrooms: 3 Property Tax: $61
Bathrooms: 2 Insurance/HOA: $66
Size: (sq ft) 2,435  Property Mgmt: $104
Price/Sq foot:  $82 Cash Flow: (Raw) $1,064
Year Built: 2003 Cap Rate: 6.4%
Parking: 1 ATT Rent/Value Ratio: 0.6%
Neighborhood: A DealGrader™: 7.1

This property was built in 2003 and is located in Oakland; TN. Oakland is North East of Memphis and is the safest suburb of Memphis. This A+ neighbourhood is one of the most desirable places to live in the Memphis Area!!!

 Winfield Avenue, Memphis, 38116  [MIP]
1 Photo
Home for sale: Winfield Avenue, Memphis, TN
   
Purchase Price: $79,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $895
Bedrooms: 3 Property Tax: $99
Bathrooms: 2 Insurance/HOA: $38
Size: (sq ft) 1,261  Property Mgmt: $72
Price/Sq foot:  $63 Cash Flow: (Raw) $686
Year Built: 1960 Cap Rate: 10.3%
Parking: 1 ATT Rent/Value Ratio: 1.1%
Neighborhood: B DealGrader™: 7.8

This Single-Family Home is located at 1366 Winfield Ave, Memphis, TN. The property has a lot size of 0.26 acres and was bulit in 1960.

 Rainford Dr (Raleigh Springs), Memphis, 38128  [MIP]
1 Photo
Home for sale: Rainford Dr (Raleigh Springs), Memphis, TN
   
Purchase Price: $86,500 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $850
Bedrooms: 3 Property Tax: $72
Bathrooms: 2 Insurance/HOA: $34
Size: (sq ft) 1,096  Property Mgmt: $68
Price/Sq foot:  $79 Cash Flow: (Raw) $676
Year Built: 1979 Cap Rate: 9.4%
Parking: 2 ATT Rent/Value Ratio: 1.0%
Neighborhood: C+ DealGrader™: 7.6

This home is located on the corner of a quiet cove, and offers a spacious layout with 3 large bedrooms, 2 bathrooms, and eat-in kitchen, off-street parking including a 2-car garage, and so much more you've got to see for yourself! 

 Wilmore Rd, Memphis, 38117  [MIP]
8 Photos
Home for sale: Wilmore Rd, Memphis, TN
   
Purchase Price: $149,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,295
Bedrooms: 2 Property Tax: $143
Bathrooms: 1.5 Insurance/HOA: $32
Size: (sq ft) 1,031  Property Mgmt: $104
Price/Sq foot:  $145 Cash Flow: (Raw) $1,016
Year Built: 1956 Cap Rate: 8.1%
Parking: 2 ATT Rent/Value Ratio: 0.9%
Neighborhood: A– DealGrader™: 7.4

This wonderful 2 bedroom, 1 and 1/2 bathroom home is located in a great neighborhood next to Sea Isle Park, shopping, nearby schools and more! Features include an inviting entrance and plenty of parking including a carport.

 Range Line Rd, Memphis, 38127  [RCM]
15 Photos
Home for sale: Range Line Rd, Memphis, TN
   
Purchase Price: $49,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $625
Bedrooms: 3 Property Tax: $68
Bathrooms: 1 Insurance/HOA: $32
Size: (sq ft) 1,108  Property Mgmt: $56
Price/Sq foot:  $45 Cash Flow: (Raw) $469
Year Built: 1965 Cap Rate: 11.3%
Parking: 1 ATT Rent/Value Ratio: 1.3%
Neighborhood: B DealGrader™: 8.0

Great Investment Opportunity! 3BR/1BA Home in a quiet neighborhood.

 Egypt Central, Memphis, 38128  [MIP]
1 Photo
Home for sale: Egypt Central, Memphis, TN
   
Purchase Price: $78,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $795
Bedrooms: 3 Property Tax: $78
Bathrooms: 2 Insurance/HOA: $34
Size: (sq ft) 1,113  Property Mgmt: $64
Price/Sq foot:  $71 Cash Flow: (Raw) $619
Year Built: 1980 Cap Rate: 9.4%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: B– DealGrader™: 7.6
This property is next to the new 2 million square ft Nike Distribution Center which makes up the largest workforce Nike has in the U.S. outside of its headquarters.  


 Comanche Rd, Memphis, 38118  [MIP]
9 Photos
Home for sale: Comanche Rd, Memphis, TN
   
Purchase Price: $82,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $875
Bedrooms: 3 Property Tax: $86
Bathrooms: 2 Insurance/HOA: $45
Size: (sq ft) 1,568  Property Mgmt: $70
Price/Sq foot:  $53 Cash Flow: (Raw) $674
Year Built: 1956 Cap Rate: 9.8%
Parking: 1 ATT Rent/Value Ratio: 1.1%
Neighborhood: B DealGrader™: 7.7
Great investment property! This home is undergoing a full renovation. Here, you will enjoy outdoor living as much as indoor living, and there's plenty of off-street parking for guests with a 1-car carport, and additional off-street parking.

Note: Pre Renovation photos are posted.
 Hartford Dr 38134, Memphis, 38134  [MIP]
1 Photo
Home for sale: Hartford Dr 38134, Memphis, TN
   
Purchase Price: $112,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,095
Bedrooms: 3 Property Tax: $126
Bathrooms: 2 Insurance/HOA: $37
Size: (sq ft) 1,228  Property Mgmt: $88
Price/Sq foot:  $91 Cash Flow: (Raw) $844
Year Built: 1979 Cap Rate: 9.0%
Parking: 1 ATT Rent/Value Ratio: 1.0%
Neighborhood: C+ DealGrader™: 7.6

This one-story 3 bedroom, 2 bathroom home features an inviting entry with a covered porch and brick exterior, the inside is just as inviting with a cozy family room, large bedrooms, a nice kitchen perfect for the family member who loves to cook, the backyard is an entertainer's paradise with a huge deck and fenced yard! Come see why this home could be "the one!"

 Allshore Street, Memphis, 38118  [MIP]
6 Photos
Home for sale: Allshore Street, Memphis, TN
   
Purchase Price: $85,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $875
Bedrooms: 3 Property Tax: $84
Bathrooms: 2 Insurance/HOA: $37
Size: (sq ft) 1,238  Property Mgmt: $70
Price/Sq foot:  $69 Cash Flow: (Raw) $684
Year Built: 1961 Cap Rate: 9.7%
Parking: 1 ATT Rent/Value Ratio: 1.0%
Neighborhood: B DealGrader™: 7.7

Come take a look at this great home! Features include 3 spacious bedrooms, 2 bathrooms, a nice family room, great kitchen with plenty of space for the family chef, and much more! 

 Davis Cove, Memphis, 38116  [MIP]
1 Photo
Home for sale: Davis Cove, Memphis, TN
   
Purchase Price: $82,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $895
Bedrooms: 3 Property Tax: $111
Bathrooms: 1 Insurance/HOA: $41
Size: (sq ft) 1,386  Property Mgmt: $72
Price/Sq foot:  $59 Cash Flow: (Raw) $671
Year Built: 1953 Cap Rate: 9.8%
Parking: Rent/Value Ratio: 1.1%
Neighborhood: A– DealGrader™: 7.7

Great investment property! This home is undergoing a full renovation and scheduled to be completed by 10/31/17 New roof- 30 year, architectural shingle. NEW HVAC. Flooring: Install tile in the kitchen and bathrooms and hardwood floors installed. Updated bathrooms and kitchen. 

 Fox Meadows Rd, Memphis, 38115  [MIP]
1 Photo
Home for sale: Fox Meadows Rd, Memphis, TN
   
Purchase Price: $119,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,195
Bedrooms: 3 Property Tax: $113
Bathrooms: 2 Insurance/HOA: $47
Size: (sq ft) 1,631  Property Mgmt: $96
Price/Sq foot:  $74 Cash Flow: (Raw) $939
Year Built: 1969 Cap Rate: 9.4%
Parking: 2 ATT Rent/Value Ratio: 1.0%
Neighborhood: B+ DealGrader™: 7.6

This is a fantastic one-story home that offers spacious living and comforts throughout! Enjoy 3 large bedrooms each with a large closet, 2 nice bathrooms, an eat-in kitchen, a comfortable living room with fireplace, a great yard and backyard patio, 2-car garage, and more.

 Columbia Woods Ln (Millington), Memphis, 38053  [MIP]
10 Photos
Home for sale: Columbia Woods Ln (Millington), Memphis, TN
   
Purchase Price: $115,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $950
Bedrooms: 3 Property Tax: $65
Bathrooms: 2 Insurance/HOA: $36
Size: (sq ft) 1,188  Property Mgmt: $76
Price/Sq foot:  $97 Cash Flow: (Raw) $773
Year Built: 1990 Cap Rate: 8.1%
Parking: 1 ATT Rent/Value Ratio: 0.8%
Neighborhood: A– DealGrader™: 7.4

Beautiful home in great a neighborhood! Features a den with a fireplace, separate dining room, eat-in kitchen with tile floors, spacious bedrooms, master bedroom and bathroom, front porch, and a fenced-in back yard!

 Tutwiler Ave ( Beclair), Memphis, 38122  [MIP]
4 Photos
Home for sale: Tutwiler Ave ( Beclair), Memphis, TN
   
Purchase Price: $75,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $850
Bedrooms: 3 Property Tax: $86
Bathrooms: 1 Insurance/HOA: $32
Size: (sq ft) 1,029  Property Mgmt: $68
Price/Sq foot:  $73 Cash Flow: (Raw) $664
Year Built: 1946 Cap Rate: 10.6%
Parking: 2 ATT Rent/Value Ratio: 1.1%
Neighborhood: B+ DealGrader™: 7.8

4189 Tutwiler Ave, Memphis, TN is a single family home that is approximately 1,029 sq ft and was built in 1946. It contains 2 bedrooms and 1 bathroom. 

 Colewood Ave, Memphis, 38118  [MIP]
1 Photo
Home for sale: Colewood Ave, Memphis, TN
   
Purchase Price: $95,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $950
Bedrooms: 4 Property Tax: $107
Bathrooms: 2 Insurance/HOA: $50
Size: (sq ft) 1,770  Property Mgmt: $76
Price/Sq foot:  $54 Cash Flow: (Raw) $717
Year Built: 1964 Cap Rate: 9.1%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: A– DealGrader™: 7.6
This property is currently under renovation.  Contact us for additional details.
 Cromwell Ave, Memphis, 38118  [MIP]
1 Photo
Home for sale: Cromwell Ave, Memphis, TN
   
Purchase Price: $89,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $895
Bedrooms: 3 Property Tax: $112
Bathrooms: 1.5 Insurance/HOA: $46
Size: (sq ft) 1,595  Property Mgmt: $72
Price/Sq foot:  $56 Cash Flow: (Raw) $665
Year Built: 1966 Cap Rate: 9.0%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: B– DealGrader™: 7.6
This property is currently under renovation.  Contact us for details.

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 making Memphis investment properties a favorite among real estate investors.
  • 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

For many reasons, Memphis investment properties make a lot of sense economically, fundamentally, and financially.

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 (est.) $
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 (est.)
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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