Just to provide some more recency of information on Memphis than where your graph's timeline ends. I've been investing in Memphis SFRs for nearly 7 years and in different parts of town. Single family market values reached peak in summer '22 and have been flat to slightly downward since then in cash flow C to B neighborhoods. The city's high crime rate is certainly not helping the situation.
This is awesome! In case it's helpful, here is a view into the current leasing market in 3 of the 4 markets you mentioned. All of them are fairly healthy from a DOM perspective.
Interesting list. Most people chase growth headlines but the real opportunities in 2025 are hiding in plain sight. In overbuilt metros like Atlanta and Tampa, properties with in-place cash flow and poor management are often overlooked. Cap rate compression is distorting pricing in several of these “top markets” and that changes how you need to underwrite risk.
Who is actively underwriting deals in these markets right now. What rent assumptions are you using in year one and how are you adjusting for vacancy risk. https://media3.giphy.com/me...