Memphis, TN rental property market
Memphis has been a turnkey rental favorite for over a decade thanks to no state income tax, cheap entry points, and reliable Section 8 rent premiums in Whitehaven and Frayser.
Why investors buy in Memphis
Memphis shows up on nearly every serious cashflow shortlist for a reason. Between affordable entry prices, tenant demand, and Tennessee's landlord posture, the underwriting math routinely clears investor thresholds that coastal markets can't touch on paper.
The play is disciplined screening. Not every listing in Memphis pencils — neighborhood, class, and true operating expenses matter more here than headline cap rates suggest. That's exactly what Property Hunter automates: it runs every new listing in Memphis through your criteria and only surfaces the deals that pass cap rate, cash-on-cash, and cashflow.
At the median, Memphis produces a gross rent-to-price ratio of 9.45% — meaning the typical listing already clears the 1% rule before you've done any filtering. Above-median deals routinely clear 1.2–1.5%.
Recently underwritten in Memphis, TN
Free rental property calculator — cap rate, cash-on-cash, and 1% rule in seconds.