Data updated 2026-09-28 · 134 active rental listings analyzed · 464 SFR sales in comp window
$1,565
3BR Median Rent
$245K
Median SFR Price
4.1%
Est. Cap Rate
7.7%
Gross Yield
Rental Market by Bedroom — Northeast Memphis
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
$850/mo
$795 – $885
3 listings
2BR
$1,200/mo
$1,095 – $1,300
9 listings
3BR
$1,565/mo
$1,395 – $1,725
103 listings
4BR
$1,900/mo
$1,710 – $2,100
16 listings
5BR
$1,970/mo
$1,511 – $1,970
3 listings
Investment Return Estimate
At the median Northeast Memphis SFR sale price of $245,000, using median 3BR rent. Estimates assume 8% management fee, $3,430/yr taxes, $1,100/yr insurance, and $1,503/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 134 live competing Northeast 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.
What does a 3-bedroom house rent for in Northeast Memphis, Memphis?
Based on 103 active 3-bedroom rental listings in Northeast Memphis as of 2026-09-28, the median asking rent is $1,565/mo (range: $1,395–$1,725/mo). Rents vary by condition, renovations, and included amenities.
What is the cap rate for rental properties in Northeast Memphis?
The estimated cap rate in Northeast Memphis is approximately 4.1%, based on a median SFR sale price of $245,000 and a median 3-bedroom annual rent of $18,780. This is a gross-income-based estimate; actual returns depend on condition, vacancy, and financing.
What is the gross rental yield in Northeast Memphis?
The estimated gross yield in Northeast Memphis is 7.7%, calculated from 464 SFR sales and 186 active rental listings. Gross yield does not account for expenses; net operating income is estimated at $10,123/yr at median price and rent.
How does a Memphis property management company price rent for Northeast Memphis?
Professional property managers in Memphis typically reference active competing listings, vacancy rates, and unit condition. LPS uses a live database of 134 comparable listings in Northeast 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 $1,565/mo property in Northeast Memphis, that is approximately $125/mo in management fees.
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