Data updated 2026-06-29 · 175 active rental listings analyzed · 1000 SFR sales in comp window
$1,790
3BR Median Rent
$321K
Median SFR Price
3.5%
Est. Cap Rate
6.7%
Gross Yield
Rental Market by Bedroom — Cordova
Median asking rent, interquartile range, and active comp count. Source: live Memphis MLS rental listings, updated 2026-06-29.
Size
Median Rent
Typical Range (P25–P75)
Active Comps
1BR
$695/mo
$695 – $1,075
3 listings
2BR
$1,249/mo
$1,200 – $1,450
4 listings
3BR
$1,790/mo
$1,650 – $1,950
122 listings
4BR
$2,195/mo
$1,990 – $2,395
43 listings
5BR
$2,295/mo
$2,295 – $2,295
3 listings
Investment Return Estimate
At the median Cordova SFR sale price of $320,750, using median 3BR rent. Estimates assume 8% management fee, $4,491/yr taxes, $1,100/yr insurance, and $1,718/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 0.1 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 175 live competing Cordova 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 Cordova, Memphis?
Based on 122 active 3-bedroom rental listings in Cordova as of 2026-06-29, the median asking rent is $1,790/mo (range: $1,650–$1,950/mo). Rents vary by condition, renovations, and included amenities.
What is the cap rate for rental properties in Cordova?
The estimated cap rate in Cordova is approximately 3.5%, based on a median SFR sale price of $320,750 and a median 3-bedroom annual rent of $21,480. This is a gross-income-based estimate; actual returns depend on condition, vacancy, and financing.
What is the gross rental yield in Cordova?
The estimated gross yield in Cordova is 6.7%, calculated from 1000 SFR sales and 122 active rental listings. Gross yield does not account for expenses; net operating income is estimated at $11,164/yr at median price and rent.
How does a Memphis property management company price rent for Cordova?
Professional property managers in Memphis typically reference active competing listings, vacancy rates, and unit condition. LPS uses a live database of 175 comparable listings in Cordova 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 $1,790/mo property in Cordova, that is approximately $143/mo in management fees.
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