Published market hub · 2026-06
Memphis, TN: start in 38106 before you widen the search
Memphis DSCR market remains attractive. Strong rent-to-value ratios and 8.3% YoY price growth support positive cash flow. Target ZIP 38106 for single-family or small multifamily acquisitions. Verify property rent and value data and monitor seller leverage.
DSCR quick screen
Use about $905/mo as the public first-pass monthly payment ceiling at a 1.20x DSCR read, then pass on deals that need materially more room before taxes, insurance, vacancy, and capex.
- DSCR 1.20x read passes; strong rent-to-value supports cash flow
- City rent proxy: $1,086/mo.
- Directional only. Pressure-test the payment range in the calculator before application.
Rough max payment
$905/mo
Public directional screen only. Validate against your actual scenario.
Rent proxy
City rent proxy: $1,086/mo
Public city screen derived from the strongest ZIP watch rows.
ZIP lead
38106
gross rent-to-value ratio
Market map preview
Memphis, TN dashboard with city, metro, and ZIP evidence labeled separately.
Lead ZIP
38106
Rent proxy
City rent proxy: $1,086/mo
Rough max payment
$905/mo
Investor read
What this market means right now
- Investors can target single-family and small multifamily properties in Memphis, leveraging the strong rent-to-value dynamics and low loan-to-value thresholds at 1.20x DSCR.
- Best fit when stabilized monthly payment can stay comfortably below $905/mo.
This page gives you the city screen, the submarket watchlist, and the related article in one place so you can decide whether the market deserves more time and where to start first.
Execution posture
How the setup looks for acquire, refi, and hold
Acquire
Acquire single-family or small multifamily in ZIP 38106
Refi
Re-finance existing DSCR loans at 1.20x
Hold
Hold current holdings; monitor market
Acquisition setup
What the current setup means for execution
High rent-to-value ratio and low LTV at 1.20x DSCR create opportunities for positive cash flow and bridge-assisted multifamily acquisitions.
- High rent-to-value ratio and low LTV at 1.20x DSCR create opportunities for positive cash flow and bridge-assisted multifamily acquisitions.
- YoY price growth of 8.29% suggests upward market momentum for DSCR investors.
- New Listings: 920 (Memphis, TN).
- Median Listing Price YoY: 8.29% (Memphis, TN).
- Median Days on Market: 59 (Memphis, TN).
Application next step
Ready to move from this market screen into a real application?
If this market still fits your strategy, continue into Sphinx Capital's loan application. DSCRInfo will carry this market context into the application start.
If you apply with Sphinx Capital from this page, DSCRInfo may receive referral compensation. See disclosures
ZIP watch
Where the submarket edge is concentrated
38106
38106
gross rent-to-value ratio
38108
38108
gross rent-to-value ratio
38109
38109
gross rent-to-value ratio
38114
38114
gross rent-to-value ratio
38127
38127
gross rent-to-value ratio
Next 90 days
How the setup could improve or deteriorate next
Investors should capitalize on price momentum and the high rent-to-value ratio in ZIP 38106, but remain cautious of the elevated price drop activity that may read seller leverage and negotiation pressure.
- city read is 0.714% with rough max monthly payment $905/mo; metro acquisition pressure points to median listing price yoy at 8.29%; ZIP layer still shows 4 promising ZIP pockets.
- High rent-to-value ratio and low LTV at 1.20x DSCR create opportunities for positive cash flow and bridge-assisted multifamily acquisitions.
- YoY price growth of 8.29% suggests upward market momentum for DSCR investors.
- Data relies on third-party aggregators; potential lag or inaccuracies may affect precision of rent-to-value calculations.
- High price drop percentage (56.82%) indicates seller leverage and potential negotiation pressure.
Acquisition leverage
flat · mediumHigh rent-to-value ratio and low LTV at 1.20x DSCR create opportunities for positive cash flow and bridge-assisted multifamily acquisitions.
Rent cushion
flat · mediumData relies on third-party aggregators; potential lag or inaccuracies may affect precision of rent-to-value calculations.
Refi window
flat · mediumUse the dashboard as a first-pass read, not as a property-level decision.
Opportunity set
Why this market deserves attention
- High rent-to-value ratio and low LTV at 1.20x DSCR create opportunities for positive cash flow and bridge-assisted multifamily acquisitions.
- YoY price growth of 8.29% suggests upward market momentum for DSCR investors.
Risk review
What could break the thesis
- Data relies on third-party aggregators; potential lag or inaccuracies may affect precision of rent-to-value calculations.
- High price drop percentage (56.82%) indicates seller leverage and potential negotiation pressure.
Geography & method
How to read this page correctly
ZIP watch rows can diverge materially from city or metro averages.
Geography warnings
- ZIP watch rows can diverge materially from city or metro averages.
- City metrics are not interchangeable with metro metrics; keep city, metro, and ZIP reads visibly separate.
- ZIP watch can diverge materially from city averages on both basis and rent.
- This dashboard is a first-pass read, not a property-level deal decision.
Methodology notes
- Use the dashboard as a first-pass read, not as a property-level decision.
- Keep city rent/value proxies, metro acquisition pressure, and literal ZIP evidence visibly separate.
- Public DSCR estimates exclude taxes, insurance, vacancy, capex, lender overlays, and deal-specific rehab assumptions.
- Release dates and methodologies differ by source, so investor judgment should follow the metric-level labels rather than assume one unified feed.
- Median home value and rent figures derived from city-level Zillow proxies via Repit and Steadily, reflecting 2026-06 data.
Metric framework
What this public page is prioritizing
Median Home Value
mixed$152,170
Median home value in Memphis is $152,170.
Memphis, TN · June 1, 2026
City Gross Rent-to-Value Ratio
mixed0.714%
Derived from City rent proxy and city home value for public first-pass only.
Memphis, TN · June 1, 2026
City Max monthly payment at 1.20x DSCR
mixed$905/mo
Derived from City rent proxy at a 1.20x DSCR read floor for public first-pass only.
Memphis, TN · June 1, 2026
Price Drop read
mixed56.82%
56.82% homes with price drops
Memphis, TN · June 1, 2026
Reader Q&A
Top questions this page should answer
Is this market workable for a DSCR acquisition investor right now?
Selective yes: treat this as a ZIP-by-ZIP acquisition market, not a blanket citywide buy call; start with 38106 and only pursue deals that still clear conservative DSCR math.
What rough monthly payment boundary does the public quick read imply?
$905/mo using the current dashboard math. City rent proxy: $1,086/mo (Memphis, TN). City Gross Rent-to-Value Ratio: 0.714%.
Where should an investor start inside the market?
Start with 38106 (promising) and 38108 (promising). High gross rent-to-value ratio of 19.1% indicates strong cash flow potential for DSCR investors.
What is the main thing that could break the thesis?
Data relies on third-party aggregators; potential lag or inaccuracies may affect precision of rent-to-value calculations.
What should an investor verify next before acting on this dashboard?
High rent-to-value ratio and low LTV at 1.20x DSCR create opportunities for positive cash flow and bridge-assisted multifamily acquisitions.
Freshness & method
How this page is built
This page combines a public rent proxy, a rough max monthly payment screen at 1.20x DSCR, local pricing and inventory pressure, and ZIP-level dispersion. It is built to help you decide whether the market deserves deeper deal work and where to start first.
Page updated
June 1, 2026
The current published market screen for Memphis, TN: start in 38106 before you widen the search.
Metric release window
Latest: June 1, 2026
Oldest on-page metric: June 1, 2026
Sources and method
This dashboard keeps city rent support, rough max monthly payment, local pricing pressure, and ZIP-level dispersion separate so you can decide whether the market is worth pursuing before deeper deal review.
Memphis, TN dashboard with city, metro, and ZIP evidence labeled separately.. Public pages summarize the sources and method behind each read without exposing the underlying research record.
Application next step
Found a market that still works for your DSCR criteria?
Continue into Sphinx Capital's loan application when you are ready to turn this public market screen into a real DSCR loan application. DSCRInfo will carry this market context into the application start.