Data updated 2026-08-10 · 89 active rental listings analyzed · 298 SFR sales in comp window
$1,235
3BR Median Rent
$163K
Median SFR Price
5.1%
Est. Cap Rate
9.2%
Gross Yield
Rental Market by Bedroom — Berclair-Highland Heights
Median asking rent, interquartile range, and active comp count. Source: live Memphis MLS rental listings, updated 2026-08-10.
Size
Median Rent
Typical Range (P25–P75)
Active Comps
1BR
$595/mo
$550 – $830
7 listings
2BR
$970/mo
$875 – $995
42 listings
3BR
$1,235/mo
$1,095 – $1,570
32 listings
4BR
$1,725/mo
$1,495 – $1,950
8 listings
Investment Return Estimate
At the median Berclair-Highland Heights SFR sale price of $163,000, using median 3BR rent. Estimates assume 8% management fee, $2,282/yr taxes, $1,100/yr insurance, and $1,200/yr maintenance reserve.
Our numbers come from an operated book, not estimates. Across 35 LPS-managed STR properties with at least 4 months of operational history, our portfolio runs within 0.6 percentage point of each property's own-zip Airbtics market median occupancy — at-market, verified against two independent commercial data sources. For LTR, we reference 89 live competing Berclair-Highland Heights listings to price each door, updated weekly.
We don't claim a premium we can't prove. Our proposals include the actual comp data behind every number.
What does a 3-bedroom house rent for in Berclair-Highland Heights, Memphis?
Based on 32 active 3-bedroom rental listings in Berclair-Highland Heights as of 2026-08-10, the median asking rent is $1,235/mo (range: $1,095–$1,570/mo). Rents vary by condition, renovations, and included amenities.
What is the cap rate for rental properties in Berclair-Highland Heights?
The estimated cap rate in Berclair-Highland Heights is approximately 5.1%, based on a median SFR sale price of $163,000 and a median 3-bedroom annual rent of $14,820. This is a gross-income-based estimate; actual returns depend on condition, vacancy, and financing.
What is the gross rental yield in Berclair-Highland Heights?
The estimated gross yield in Berclair-Highland Heights is 9.2%, calculated from 298 SFR sales and 71 active rental listings. Gross yield does not account for expenses; net operating income is estimated at $8,318/yr at median price and rent.
How does a Memphis property management company price rent for Berclair-Highland Heights?
Professional property managers in Memphis typically reference active competing listings, vacancy rates, and unit condition. LPS uses a live database of 89 comparable listings in Berclair-Highland Heights with per-bedroom pricing to establish asking rent for each new property, updated weekly from portal data.
What does LPS (Longstep Property Solutions) charge for property management in Memphis?
LPS charges 8% of monthly rent for long-term rental management. There are no lease renewal fees or vacancy fees. On a $1,235/mo property in Berclair-Highland Heights, that is approximately $99/mo in management fees.
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