Hyde Park & Hollywood Rental Property Investment Guide
Memphis, TN · Live rental market data
Data updated 2026-06-29 · 85 active rental listings analyzed · 126 SFR sales in comp window
$1,195
3BR Median Rent
$102K
Median SFR Price
8.5%
Est. Cap Rate
14.1%
Gross Yield
Rental Market by Bedroom — Hyde Park & Hollywood
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
$645/mo
$595 – $750
14 listings
2BR
$795/mo
$695 – $905
36 listings
3BR
$1,195/mo
$1,050 – $1,300
26 listings
4BR
$1,325/mo
$1,250 – $1,595
9 listings
Investment Return Estimate
At the median Hyde Park & Hollywood SFR sale price of $101,750, using median 3BR rent. Estimates assume 8% management fee, $1,425/yr taxes, $1,100/yr insurance, and $1,147/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 85 live competing Hyde Park & Hollywood 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 — Hyde Park & Hollywood Rental Market
What does a 3-bedroom house rent for in Hyde Park & Hollywood, Memphis?
Based on 26 active 3-bedroom rental listings in Hyde Park & Hollywood as of 2026-06-29, the median asking rent is $1,195/mo (range: $1,050–$1,300/mo). Rents vary by condition, renovations, and included amenities.
What is the cap rate for rental properties in Hyde Park & Hollywood?
The estimated cap rate in Hyde Park & Hollywood is approximately 8.5%, based on a median SFR sale price of $101,750 and a median 3-bedroom annual rent of $14,340. This is a gross-income-based estimate; actual returns depend on condition, vacancy, and financing.
What is the gross rental yield in Hyde Park & Hollywood?
The estimated gross yield in Hyde Park & Hollywood is 14.1%, calculated from 126 SFR sales and 26 active rental listings. Gross yield does not account for expenses; net operating income is estimated at $8,661/yr at median price and rent.
How does a Memphis property management company price rent for Hyde Park & Hollywood?
Professional property managers in Memphis typically reference active competing listings, vacancy rates, and unit condition. LPS uses a live database of 85 comparable listings in Hyde Park & Hollywood 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 $1,195/mo property in Hyde Park & Hollywood, that is approximately $96/mo in management fees.
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