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Updated 2 months ago, 09/14/2024
CAP rates in Memphis, TN
CrestCore has produced an awesome interactive website ranking the zip codes in Memphis. Is there similar information on Multi-family CAP rates on either zip codes or known areas in Memphis? I'm assumming that there are CAP variations within the City. Blessings !!!
Quote from @Ricardo Serrano:
CrestCore has produced an awesome interactive website ranking the zip codes in Memphis. Is there similar information on Multi-family CAP rates on either zip codes or known areas in Memphis? I'm assumming that there are CAP variations within the City. Blessings !!!
Each property is going to have its variables throughout the city. These areas are very street-by-street and property-by-property. I am 100% a believer that each deal needs its own analysis. Now of course, you can look at the face value of some properties and pass it pretty easy, but I wouldn't pass on each deal this way. Best of luck investing!
- Jordan Ray
- [email protected]
- 662-642-1458
Hi Ricardo,
Can you please share the link to the zip code data from Crestcore? I couldn’t find it in their website, but I do like their zip code videos on YouTube.
Thank you.
Quote from @Jordan Ray:
Quote from @Ricardo Serrano:
CrestCore has produced an awesome interactive website ranking the zip codes in Memphis. Is there similar information on Multi-family CAP rates on either zip codes or known areas in Memphis? I'm assumming that there are CAP variations within the City. Blessings !!!
Each property is going to have its variables throughout the city. These areas are very street-by-street and property-by-property. I am 100% a believer that each deal needs its own analysis. Now of course, you can look at the face value of some properties and pass it pretty easy, but I wouldn't pass on each deal this way. Best of luck investing!
Thanks Jordan !!!
Quote from @Andrew M.:
Hi Ricardo,
Can you please share the link to the zip code data from Crestcore? I couldn’t find it in their website, but I do like their zip code videos on YouTube.
Thank you.
https://www.google.com/maps/d/u/0/viewer?mid=1VIwxsAULYIeu-r...
#1 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- St Augustine, FL
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#1 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- St Augustine, FL
There are cap variations from city block to city block. I would only focus on cap rates for larger assets. The smaller assets I would value based on comps. If you connect with any knowledgable realtors, they should be able to tell you valuations. I would also try to get my hands on as many OMs to see what assets are trading for.
Gino
Quote from @Gino Barbaro:
There are cap variations from city block to city block. I would only focus on cap rates for larger assets. The smaller assets I would value based on comps. If you connect with any knowledgable realtors, they should be able to tell you valuations. I would also try to get my hands on as many OMs to see what assets are trading for.
Gino
Thanks Gino, i'm looking at a 16-unit multifamily apartments with a CAP rate of 3.5, which is not typical in Memphis; apparently, this CAP rate was used to justify the current valuation. Yes, it is true that those vary from block to block. I'm looking to other comps to place it accordingly. Blessings !!!
#4 Classifieds Contributor
- Real Estate Agent
- Memphis, TN
- 1,325
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#4 Classifieds Contributor
- Real Estate Agent
- Memphis, TN
Good Morning!
BP wont let me post the link but you can search "Investors Guide to Memhis Real Estate" anywhere you listen to podcasts and you can find the 2024 Memphis, TN Investment Zip Code Break Down episode.
If you search Youtube, you can watch the video although we have radio faces! :)
@Douglas Skipworth and I really enjoy providing this info to the community!
- Dean Harris
#4 Classifieds Contributor
- Real Estate Agent
- Memphis, TN
- 1,325
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- 1,257
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#4 Classifieds Contributor
- Real Estate Agent
- Memphis, TN
Quote from @Andrew M.:
Hi Ricardo,
Can you please share the link to the zip code data from Crestcore? I couldn’t find it in their website, but I do like their zip code videos on YouTube.
Thank you.
@Andrew M. Im happy to share the link with you of our podcast where I break down the zip codes. Shoot me a PM and I will pass it along.
- Dean Harris
#4 Classifieds Contributor
- Real Estate Agent
- Memphis, TN
- 1,325
- Votes |
- 1,257
- Posts
#4 Classifieds Contributor
- Real Estate Agent
- Memphis, TN
Im happy to share the Memphis, TN Investment Zip code break down that I recorded a few weeks ago. Shoot me a PM and I am happy to share it with you.
- Dean Harris
Quote from @Ricardo Serrano:
Quote from @Andrew M.:
Hi Ricardo,
Can you please share the link to the zip code data from Crestcore? I couldn’t find it in their website, but I do like their zip code videos on YouTube.
Thank you.
https://www.google.com/maps/d/u/0/viewer?mid=1VIwxsAULYIeu-r...
This link is now not available to the public, but i believe if you request to CrestCore they will send it to you. I just saw Dean Harris, the cohost of the program indicating that he can send it directly. Blessings !!!
Quote from @Dean Harris:
Im happy to share the Memphis, TN Investment Zip code break down that I recorded a few weeks ago. Shoot me a PM and I am happy to share it with you.
Thanks Dean, truly enjoy your Youtube Channel that you host with Douglas Skipworth. Keep up the good work !!!
