Professional grm calculator optimized for multifamily properties in Memphis. Local market data shows 7.8% average cap rates and $215,000 median property values.
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The Memphis, TN multifamily real estate market offers unique investment opportunities. With a median home price of $215,000 and average cap rates of 7.8%,multifamily properties in this market present a strong yield profile.
Current market conditions show properties averaging 43 days on market, with year-over-year appreciation of 4.6%. Average cash-on-cash returns for multifamily investments in Memphis are approximately 12.8%.