TKPP Market

Chattanooga, TN

Here Nature Meets Opportunity

Key Investment Highlights

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Exceptional Value Metrics

Average turnkey rehab costs of ~$50,000–$80,000, rehab timelines of 5–8 weeks, and tenant placement within 45–60 days support reliable cash-on-cash returns.

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Economic Powerhouse

Major employers including Volkswagen, Amazon, BlueCross BlueShield of Tennessee, and Erlanger Health System anchor a diverse economy spanning manufacturing, healthcare, logistics, and tech.

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Accelerating Rent & Occupancy Growth

Global occupancy rates of 92–93%, re-rents in under 14 days, and tenanting completed within 2 months post-rehab reinforce portfolio stability.

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Investor-Friendly Environment

Chattanooga offers a business-friendly climate, landlord-favorable regulations, affordable operating costs, and strong out-of-state investor demand for long-term appreciation and cash flow.

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245 Properties Managed

A growing portfolio of 245 managed properties reflects operational strength and continued investor confidence in the Chattanooga market.

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Strong Out-of-State Demand

Approximately 80% of investors are out of state, highlighting Chattanooga’s appeal as a scalable and attractive market for remote rental ownership.

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Reliable Rent Collection

Rents collected by the 10th consistently reach 97–98%, helping support dependable monthly income and strong portfolio performance.

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Tenant Stability & Fast Turnover

Tenant stability averages 24–30 months, while average turnover stays below 14 days, reducing vacancy loss and improving continuity.

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Predictable Management Costs

Flat property management pricing of $100 per door and $85 for multifamily helps keep operating expenses transparent and investor-friendly.

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Market Infographic

Memphis, Tennessee

Real Estate Market Snapshot

Affordable entry pricing, stable rental demand, and a buyer-friendly environment continue to keep Memphis on the radar for long-term investors.

Typical Home Value
$142,870
Memphis remains one of the more accessible large-city housing markets, giving buyers a lower barrier to entry than many major metros.
Average Monthly Rent
$1,234/mo
Relative affordability and ongoing rental demand support Memphis as a market often discussed for income-focused strategies.
City Population
610,919
Memphis remains a major Tennessee population center with a broad housing base and durable demand across established neighborhoods.
Days to Pending
45 Days
Well-positioned listings continue to move at a healthy pace in the Memphis housing market.
Buyer Advantage
3.16% Below Asking
Homes are selling below asking price on average, giving buyers and investors more room to negotiate and structure better deals.
Market Position
Buyer’s Market
Current conditions favor disciplined buyers looking for value in a market known more for rental income than speculation.
Sample Property Showcase

See the Transformations

These sample projects highlight the kind of work that can turn dated properties into cleaner, more functional, and more marketable rental-ready homes. Each example below showcases major improvements and before-and-after results from actual renovation work.

Property Example 1

105 White Oak Dr

This renovation was a true full remodel designed to dramatically improve both function and presentation. With major structural, mechanical, and interior upgrades throughout the home, the finished result delivers a cleaner, more modern rental product with stronger long-term appeal.

Highlighted Scope of Work

The project went far beyond surface-level updates, combining core system improvements with refreshed living spaces to strengthen durability, livability, and overall marketability.

Extensive remodel totaling over $125,000, including a full down-to-the-studs renovation for a major property transformation.
Entire subfloor was fully replaced, with crawlspace cleanup completed to improve the home’s structural foundation.
Kitchen received a full new package including white shaker custom cabinetry, hardware, countertops, appliances, sink/disposal, and faucet.
Interior finishes were refreshed with new paint, flooring, lighting, doors, hinges, knobs, and all new interior plumbing fixtures with flex pipe.
Major systems were upgraded with new electrical throughout, including a new panel, along with broader full-remodel updates such as plumbing, roof, and windows.
Additional value-driving work included a fully replaced sewer line from the property to the street, plus exterior updates across siding, paint, gutters, and more.
Property Example 2

7714 Nautical Way

This renovation focused on strengthening the property from the inside out with a broad remodel across both units. From refreshed interior finishes and updated kitchen and bath components to major system and basement improvements, the result is a more reliable and rent-ready asset with stronger long-term appeal.

Highlighted Scope of Work

Rather than minor cosmetic updates, this project included substantial work across key living spaces, mechanical systems, and foundational moisture-control improvements to support durability, presentation, and tenant-ready functionality.

The property underwent extensive remodeling totaling over $90,000 across both units, reflecting a substantial full-property improvement effort.
The kitchen was refreshed with white shaker custom cabinetry along with updated cabinet hardware, countertops, appliances, sink, disposal, and faucet.
Bathrooms received broad updates across vanities, faucets, toilets, mirrors, lighting, and tub-surround components for a cleaner, more modern finish.
Interior improvements included new paint, flooring, lighting, doors, hinges, and knobs, helping elevate the overall presentation throughout the home.
Plumbing was upgraded with all new interior fixtures and flex pipe, and the sewer scope passed, adding confidence to the home’s core utility systems.
Major mechanical updates included a new furnace, A/C unit, thermostat, and hot water tank to improve comfort and day-to-day reliability.
Basement work added a new vapor barrier, dehumidifier, and pump system to help keep the lower level dry and better protected over time.
Exterior work included roof, gutter, and paint updates, while maintained elements such as windows, siding, driveway, and landscaping helped round out the property’s curb appeal.
Download Full Market Insight Report

Population Trend — Memphis, TN

Source: U.S. Census Bureau QuickFacts (2020 and 2024 estimates) (census.gov)

Price-to-Rent Ratio — Memphis, TN

Source: SmartAsset / SoFi Price-to-Rent Analysis (2025 data) (sofi.com)

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