Data updated 2026-09-28 · 400 active rental listings analyzed · 516 SFR sales in comp window
$1,090
3BR Median Rent
$115K
Median SFR Price
6.3%
Est. Cap Rate
11.1%
Gross Yield
Rental Market by Bedroom — Frayser
Median asking rent, interquartile range, and active comp count. Source: live Memphis MLS rental listings, updated 2026-09-28.
Size
Median Rent
Typical Range (P25–P75)
Active Comps
1BR
$799/mo
$700 – $799
13 listings
2BR
$850/mo
$795 – $895
26 listings
3BR
$1,090/mo
$995 – $1,190
293 listings
4BR
$1,350/mo
$1,195 – $1,500
66 listings
5BR
$1,595/mo
$1,595 – $1,595
2 listings
Investment Return Estimate
At the median Frayser SFR sale price of $115,000, using median 3BR rent. Estimates assume 8% management fee, $1,610/yr taxes, $1,100/yr insurance, and $1,022/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 400 live competing Frayser 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 Frayser, Memphis?
Based on 293 active 3-bedroom rental listings in Frayser as of 2026-09-28, the median asking rent is $1,090/mo (range: $995–$1,190/mo). Rents vary by condition, renovations, and included amenities.
What is the cap rate for rental properties in Frayser?
The estimated cap rate in Frayser is approximately 6.3%, based on a median SFR sale price of $115,000 and a median 3-bedroom annual rent of $13,080. This is a gross-income-based estimate; actual returns depend on condition, vacancy, and financing.
What is the gross rental yield in Frayser?
The estimated gross yield in Frayser is 11.1%, calculated from 516 SFR sales and 565 active rental listings. Gross yield does not account for expenses; net operating income is estimated at $7,258/yr at median price and rent.
How does a Memphis property management company price rent for Frayser?
Professional property managers in Memphis typically reference active competing listings, vacancy rates, and unit condition. LPS uses a live database of 400 comparable listings in Frayser 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 $1,090/mo property in Frayser, that is approximately $87/mo in management fees.
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