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Why Invest in Memphis?
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Why Invest in Memphis?

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A brief overview of why Memphis was named 1 of the 10 best markets for investing in real estate.

A brief overview of why Memphis was named 1 of the 10 best markets for investing in real estate.

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  • 1. WHY MEMPHIS? The Perfect Storm of a Buyer’s Market, Low Rates, and Plentiful Renters
  • 2. Memphis, TN
    • Largest city in Tennessee
    • 17 th largest in the nation with a metro population of 1.2 Million
    • Home to 3 of the Fortune 500 (FED Ex, International Paper, Auto Zone)
    • Recognized as one of the country’s most vibrant transportation & distribution centers.
    • Memphis International Airport is home to FED Ex and the #1 air distribution center in the world!!
    • Memphis is the largest spot cotton market in the world, with nearly half of the U.S. cotton crop going through Memphis.
    • Memphis is a major center for medicine, biomedical engineering, biomedical research & pharmaceuticals.
    • Home to University of Memphis with over 20,000 students
    • Home to the Memphis Grizzles, NBA Franchise
    • Home to the Memphis Redbirds, AAA Team to the St. Louis Cardinals
    • Home to Beale Street, Graceland, Liberty Bowl Stadium, & Fed Ex St Jude Classic
    • Memphis is indeed a city on the move with increased population every year!
  • 3.  
  • 4. Memphis Real Estate Market
    • The #1 city for most affordable homes! (CNNMoney.com)
    • The 2 nd metropolitan city in regards to having the lowest risk to investing in Real Estate (CNNMoney.com)
    • The 3 rd most undervalued metropolitan market in the U.S. (CNNMoney.com)
    • The 6 th best market for investing in Real Estate (CNNMoney.com)
    • Bartlett, a suburb, is ranked amongst Top 100 cities in America (CNNMoney.com)
    • A revitalization to many parts of Memphis, i.e. Downtown, Mid-Town, High Point Terrace, Cooper Young, Highland Heights, and other inner city areas enjoying above average appreciation
    • One of the lowest cost of living of all major cities (FORTUNE magazine)
    • Surrounding cities support continued manufacturing development with Memphis as the distribution hub
    • Recent Subprime crunch has resulted in a hungry Renter Pool
  • 5.  
  • 6. HERE’S AN OLD EXAMPLE…
    • This is property in Bartlett that was purchased for $117,000 2 years ago by a homeowner. It is a 3Br/2Ba that currently rents for $1100/m. Our client purchased the property for 70,000 and we did 6,500 in rehab work to get the property up to speed. His cash flow including management is $153/month.
  • 7. SAME AREA, W/ 4 BEDROOMS
    • Here’s a 4Br/2BA in the Memphis Area. Appraised value was $95,000. Our client purchased the property for $57,000 and we did $12,500 in repairs. It rented out for 900/month. That’s $175/month cash flow with 19,000 in equity and no money out of pocket.
  • 8. AND ANOTHER…
    • Here’s another 3BR/2BA SFR that we sold for 44,900. It needed around $15,000 in work and appraised for $81,000. Cash flow of 154/month at 80%.
  • 9. Streetvestor, LLC
    • Edwin Brown
    • “ Invest in Main Street”
    • 246 Briarwood Dr Suite B
    • Jackson, MS 39206
    • 601-952-0350 Office
    • 601-952-0354 Fax
    • www.Streetvestor.com