Investing in Memphis real estate may not seem fashionable. Memphis has no beaches, mountains, or other geological factors to make it attractive for vacationing or massive amounts of appreciation. However, Memphis real estate investments have one advantage that investment in many other US cities don't have: cash flow.
A large percentage of the population rents (43% versus a national average of 28%) because of many socio economic factors, including high bankruptcy and foreclosure rates. Apartment occupancy is 92% across the city, demonstrating the continuing demand for rental properties in the city. Because of the demand, Memphis real estate investors can ask for high rents relative to the purchase price and mortgage payment of the home.