In Shelby County (Memphis), Tennessee (Shelby County (Memphis), TN metro), 1–4 unit investment properties carry an average effective property tax rate of 1.42% and landlord hazard insurance averaging $640 per $100K of coverage. At a median 1–4 unit acquisition price of $235,000 and Form 1007 market rent of $1,950/mo, a 75% LTV DSCR loan models at 1.26x DSCR ($1,546/mo total PITIA).
Statutory county assessor periodic revaluation; underwriters use post-acquisition projected tax bill (typically 85%–100% of purchase price × county millage rate).
Memphis High-Yield SFR Turnkey Rental Hub
Standard county deed recording & nominal transfer fee ($50–$350 flat or ≤0.20% of consideration).
Underwrite post-acquisition tax bill using county millage calculator to prevent Year-2 escrow shortage.
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