Why Invest in Memphis?

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WHY MEMPHIS? The Perfect Storm of a Buyer’s Market, Low Rates, and Plentiful Renters

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

Transcript of Why Invest in Memphis?

Page 1: Why Invest in Memphis?

WHY MEMPHIS?

The Perfect Storm of a Buyer’s Market, Low Rates, and

Plentiful Renters

Page 2: Why Invest in Memphis?

Memphis, TN• Largest city in Tennessee• 17th 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!

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Memphis Real Estate Market

• The #1 city for most affordable homes! (CNNMoney.com)• The 2nd metropolitan city in regards to having the lowest risk to

investing in Real Estate (CNNMoney.com)• The 3rd most undervalued metropolitan market in the U.S.

(CNNMoney.com)• The 6th 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

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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.

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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.

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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%.

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Streetvestor, LLC

Edwin Brown

“Invest in Main Street”

246 Briarwood Dr Suite BJackson, MS 39206

601-952-0350 Office601-952-0354 Fax

www.Streetvestor.com