Rental Property Underwriting in Memphis, TN
Turnkey-rental capital; high yields with high management intensity.
Typical SFR price
$140,000 – $220,000
3-bed rent (monthly)
$1,300 – $1,700
Effective property-tax rate
1.40% – 1.90%
Insurance (annual, ~$300k SFR)
$1,500 – $2,400
Gross rent-to-price (monthly)
0.75% – 1.00%
Landlord-tenant climate
landlord-friendly
Ranges compiled from Zillow, Redfin, and county assessor public data. Last reviewed 2025-10. Use as directional inputs, not appraisals.
What makes underwriting in Memphis different
- Delinquency and eviction filings are meaningfully higher than national averages.
- Property management is not optional — self-manage only if local.
- Class D neighborhoods can look great on paper but fail on realized returns.
Quick worked example
Mid-range Memphis deal: $180,000 purchase, $1,500/mo rent → gross yield 10.00%. Whether that cash-flows depends on your rate, down payment, taxes at post-sale assessment, and insurance quote — not the metro average.
Other US markets we cover
Rental underwriting in Atlanta, GA →Rental underwriting in Charlotte, NC →Rental underwriting in Raleigh, NC →Rental underwriting in Tampa, FL →Rental underwriting in Orlando, FL →Rental underwriting in Jacksonville, FL →Rental underwriting in Phoenix, AZ →Rental underwriting in Las Vegas, NV →Rental underwriting in Dallas, TX →Rental underwriting in Houston, TX →Rental underwriting in Austin, TX →Rental underwriting in San Antonio, TX →
Educational content only, not investment or legal advice. Verify all numbers with local professionals before making an offer.