Top LocationsBuying Memphis Investment Properties for Sale in 2019: Yes or No? by Heba Baker January 22, 2019February 4, 2019 by Heba Baker January 22, 2019February 4, 2019You’re going to want to invest in the Memphis housing market 2019. Other than making the list for Forbes‘ best markets for real estate investment 2019, there’s a lot more to know if you’re a Memphis real estate investor.Memphis Real Estate Market PredictionsBefore you start your search for Memphis investment properties for sale, you should read up on the Memphis real estate market trends so you know what to expect. Here are the key factors impacting Memphis investment properties for sale.Important StatisticsInvesting in Memphis real estate to rent it out is a great strategy for investors because 43 percent of Memphis residents are renters.Average monthly rent for long term rentals is $1,019 (according to data from Mashvisor) which is a great indicator of positive cash flow if expenses are kept low and the rental property is managed well.Inventory is high, making Memphis a buyer’s market. This is great for investors looking to strike a good deal on Memphis investment properties for sale.There has been a rise in median homes sales of 6 percent over the past year.The median home value for Memphis real estate is $105,473. Investors want to look for high-value properties to maintain a strong portfolio, and with Memphis home values increasing 6.8 percent over the past year, that’s where to invest in real estate.Increasing homes values are expected in Memphis since it is one of the best cities for real estate appreciation in the Tennessee real estate market. Zillow predicts values to rise another 0.9 percent within the next year.The median price of homes that sold is $98,400.Memphis has experienced a boost in job growth of 2.2 percent this past year. Cities with continuous job growth project a strong economy which can support the housing market.Investors can find profitable yet cheap Memphis investment properties for sale as the market has a high affordability index. 41.5 percent of homes fall between a price range of $61,000 to $121,000.So if any of the trends mentioned above apply to what you’re looking for, Memphis is the best place to invest in real estate for you. However, if you’re planning on investing in Memphis rental properties to rent out on Airbnb, you should first ask yourself “Is Airbnb legal in Memphis?”Related: Investing in Rental Properties in 2019: The Beginner’s GuideAirbnb MemphisThe Tennessee General Assembly passed a bill mid-2018 restricting how far cities can go in placing bans on short term rentals. Memphis doesn’t have any bans regarding Airbnb rentals, but if it were to go down that road in the future, this bill will limit its ability to do so. It grandfathers in non-owner-occupied short term rentals which were originally permitted by local law, allowing them to continue to operate even if the city changes the law to ban them. So if you invest in Memphis short term rentals in 2019, you won’t have any problems with the law.Related: Your Real Estate Investment Guide to Airbnb Rental Properties: Where Is Airbnb Legal?Mashvisor’s Data on Memphis Investment Properties for SaleBuying an investment property should be something you do with confidence. You can do that with Mashvisor’s data by your side. Using our investment property calculator, we’ve summarized the performance of Memphis investment properties for sale in the market so you have a measure of the market’s profitability.Memphis Real Estate Market 2019Median Property Price: $228,582Price per Square Foot: $89Price to Rent Ratio: 19Days on Market: 91Monthly Traditional Rental Income: $1,019Traditional Cash on Cash Return: 2%Monthly Airbnb Rental Income: $2,031Airbnb Cash on Cash Return: 4%Airbnb Occupancy Rate: 59%To know exactly where to look for Memphis investment properties for sale, we’ve got this same data for the top-performing neighborhoods in the Memphis real estate market 2019.Best Neighborhoods in MemphisHere’s where to invest for real estate in the Memphis housing market. We’ll be listing neighborhoods based on best investment rental strategy so you know what type of rental performs best in each area.Searching for Memphis Investment Properties for Sale: Airbnb RentalsRiver Oaks-Kirby-BalmoralMedian Property Price: $404,089Price to Rent Ratio: 27Days on Market: 91Monthly Airbnb Rental Income: $2,625Airbnb Cash on Cash Return: 8%Airbnb Occupancy Rate: 68%MidtownMedian Property Price: $235,779Price per Square Foot: $72Price to Rent Ratio: 21Days on Market: 75Monthly Airbnb Rental Income: $2,345Airbnb Cash on Cash Return: 6%Airbnb Occupancy Rate: 67%DowntownMedian Property Price: $321,963Price per Square Foot: 94Price to Rent Ratio: 23Days on Market: 88Monthly Airbnb Rental Income: $2,327Airbnb Cash on Cash Return: 4%Airbnb Occupancy Rate: 52%Searching for Memphis Investment Properties for Sale: Traditional Rentals White Haven-Coro LakeMedian Property Price: $79,450Price per Square Foot: 53Price to Rent Ratio: 9Days on Market: 74Monthly Traditional Rental Income: $770Traditional Cash on Cash Return: 3%RaleighMedian Property Price: $92,616Price to Rent Ratio: 9Days on Market: 96Monthly Traditional Rental Income: $821Traditional Cash on Cash Return: 3%CordovaMedian Property Price: $191,352Price to Rent Ratio: 14Days on Market: 61Monthly Traditional Rental Income: $1,174Traditional Cash on Cash Return: 2%Related: The Best Investment Property Calculator in 2019Finding Memphis Investment Properties for Sale in 2019If you have a free Mashvisor account, you’ve probably already learned about our many tools. One of the best tools for property search is our Property Finder. Investors can use this tool to quickly find the best properties listed for sale matching their criteria.We’ve used the tool and have located a couple of the many top-performing properties currently for sale in the Memphis real estate market. Check out these numbers.Investment Property #1:Listed Property Price: $122,900Estimated Value: $121,934Airbnb Cash on Cash Return: 13%Airbnb Occupancy Rate: 98%Investment Property #2:Listed Property Price: $59,900Estimated Value: $56,915Traditional Cash on Cash Return: 11%Traditional Occupancy Rate: 92%Investment Property #3:Listed Property Price: $69,000Estimated Value: $68,738Airbnb Cash on Cash Return: 11%Airbnb Occupancy Rate: 58%Traditional Cash on Cash Return: 7%Traditional Occupancy Rate: 92%For more details on these Memphis investment properties for sale and others, click here to use our Property Finder tool.Related: Finding an Investment Property: Traditional vs. MashvisorTo learn more about how Mashvisor can help you find profitable investment properties, schedule a demo. Start Your Investment Property Search! START FREE TRIAL AirbnbAirbnb RegulationsMemphis TNProperty FinderTennesseeTraditional 0FacebookTwitterGoogle +PinterestLinkedin Heba BakerHeba is Content Writer at Mashvisor with a BA in Business Administration. Most of all, she enjoys writing about the constantly changing markets in the US real estate industry. If not writing, Heba is exploring and learning. Previous Post 4 Ways to Find the Best Investment Property for Sale Next Post Energize Your Vacation Rental Apartment with a Dash of Color Splash Related Posts Where to Look for the Best Real Estate Investments for 2018 Where to Buy a Vacation Rental for High Occupancy in Winter 2018-2019 Where to Invest in the Minneapolis Real Estate Market in 2019 Is the Orlando Real Estate Market a Good Investment Option This Year? Colorado Springs Real Estate Market 2019: Where to Invest 20 Most Profitable Airbnb Locations in 2020: Cash on Cash Return The Best Cities to Buy Rental Property in 2019? 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