Memphis, Tennessee
- The top employer in Memphis is the Methodist Le Bonheur Healthcare system, which is a major healthcare provider in the area.
- The second largest employer in Memphis is the FedEx Corporation, which is a global shipping and logistics company with a major hub in the city.
- The third largest employer in Memphis is the City of Memphis government, which employs a significant number of people in various departments and agencies.
- The fourth largest employer in Memphis is the University of Tennessee Health Science Center, which is a major research and educational institution in the city.
- The fifth largest employer in Memphis is the Shelby County government, which employs a large number of people in various departments and agencies.
According to data from the Council for Community and Economic Research (C2ER), the cost of living in Memphis, Tennessee is lower than the national average. Specifically, the cost of living index for Memphis is 86.9, which is lower than the national average of 100. This means that, on average, the prices of goods and services in Memphis are relatively lower compared to the national average.
The presence of these large employers in Memphis can make it a good place to invest in real estate for several reasons. First, the healthcare and shipping industries are stable and likely to remain so in the future, providing a stable economic foundation for the city. Additionally, the presence of a major research university and government agencies can attract a highly educated workforce to the area, which can drive demand for housing. Overall, the strong economy and diverse range of industries in Memphis can make it a good location for real estate investment.
- Lower housing costs: According to data from Zillow, the median home value in Memphis is $158,000, which is lower than the national median home value of $398,500. This means that, on average, housing costs in Memphis are relatively lower compared to the national average. https://www.zillow.com/home-values/32811/memphis-tn/
- Lower transportation costs: According to data from Numbeo, the cost of a monthly public transportation pass in Memphis is $40, which is lower than the national average of $70. Additionally, the cost of gasoline in Memphis is lower than the national average, with a gallon of regular unleaded gasoline costing an average of $2.87 in Memphis compared to $3.16 nationally. https://gasprices.aaa.com/
- Lower food costs: According to data from Numbeo, the cost of groceries in Memphis is 17% lower than the national average.
- Lower healthcare costs: According to data from the Kaiser Family Foundation, the average annual premium for employer-sponsored health insurance in Memphis is $6,312, which is lower than the national average of $7,188.
Memphis Properties
Fletcher Wood Cove, Memphis, TN
| Purchase Price | Projected Rent | ||
|---|---|---|---|
| $257,900 | $1,850 | ||
| Bed | Bath | Square Ft | Yr Built |
| 3 | 2 | 1488 | 1996 |
| Avg Monthly Cash Flow | Avg Monthly Increase | ||
| 401.83 | $1,249.09 | ||
| Total Projected Profit on Sale | Avg Annual ROI | ||
| 135782.44 | 18.91 | ||
Debra Cove, Memphis, TN
| Purchase Price | Projected Rent | ||
|---|---|---|---|
| $209,900 | $1,675 | ||
| Bed | Bath | Square Ft | Yr Built |
| 3 | 2 | 1294 | 1992 |
| Avg Monthly Cash Flow | Avg Monthly Increase | ||
| 408.03 | $955.76 | ||
| Total Projected Profit on Sale | Avg Annual ROI | ||
| 104862.44 | 15.31 | ||
Mary Frances Drive, Southaven, TN
| Purchase Price | Projected Rent | ||
|---|---|---|---|
| $272,990 | $1,895 | ||
| Bed | Bath | Square Ft | Yr Built |
| 3 | 2 | 1618 | 2023 |
| Avg Monthly Cash Flow | Avg Monthly Increase | ||
| 311.62 | $1,302.49 | ||
| Total Projected Profit on Sale | Avg Annual ROI | ||
| 153741.28 | 18.02 | ||
Java Drive, Memphis, TN
| Purchase Price | Projected Rent | ||
|---|---|---|---|
| $235,000 | $1,750 | ||
| Bed | Bath | Square Ft | Yr Built |
| 3 | 2 | 1408 | 2001 |
| Avg Monthly Cash Flow | Avg Monthly Increase | ||
| 437.81 | $1,145.88 | ||
| Total Projected Profit on Sale | Avg Annual ROI | ||
| 143659.38 | 16.41 | ||
