Data updated 2026-06-29 · 35 active rental listings analyzed · 261 SFR sales in comp window
$1,650
3BR Median Rent
$316K
Median SFR Price
3.0%
Est. Cap Rate
6.0%
Gross Yield
Rental Market by Bedroom — Far East Memphis
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
$1,025/mo
$1,025 – $1,025
1 listings
2BR
$1,350/mo
$1,325 – $1,400
13 listings
3BR
$1,650/mo
$1,450 – $1,745
10 listings
4BR
$2,235/mo
$1,945 – $2,350
9 listings
5BR
$2,100/mo
$2,050 – $2,100
2 listings
Investment Return Estimate
At the median Far East Memphis SFR sale price of $315,500, using median 3BR rent. Estimates assume 8% management fee, $4,417/yr taxes, $1,100/yr insurance, and $1,524/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 35 live competing Far East Memphis 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.
Frequently Asked Questions — Far East Memphis Rental Market
What does a 3-bedroom house rent for in Far East Memphis, Memphis?
Based on 10 active 3-bedroom rental listings in Far East Memphis as of 2026-06-29, the median asking rent is $1,650/mo (range: $1,450–$1,745/mo). Rents vary by condition, renovations, and included amenities.
What is the cap rate for rental properties in Far East Memphis?
The estimated cap rate in Far East Memphis is approximately 3.0%, based on a median SFR sale price of $315,500 and a median 3-bedroom annual rent of $19,800. This is a gross-income-based estimate; actual returns depend on condition, vacancy, and financing.
What is the gross rental yield in Far East Memphis?
The estimated gross yield in Far East Memphis is 6.0%, calculated from 261 SFR sales and 10 active rental listings. Gross yield does not account for expenses; net operating income is estimated at $9,342/yr at median price and rent.
How does a Memphis property management company price rent for Far East Memphis?
Professional property managers in Memphis typically reference active competing listings, vacancy rates, and unit condition. LPS uses a live database of 35 comparable listings in Far East Memphis 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 $1,650/mo property in Far East Memphis, that is approximately $132/mo in management fees.
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