Maintenance Rate (% of GOI):
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5%
5%
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This five-bedroom, three-bath home in Carrington Estates offers 2,500 square feet of new construction in one of the most attractive growth markets outside Memphis. Located in Oakland, Tennessee, this area continues to draw long-term renters and out-of-state investors seeking stable cash flow, quality tenants, and long-term appreciation potential. Built in 2024, the home features an open-concept layout with durable, low-maintenance finishes selected for performance and appeal. The property includes luxury vinyl plank flooring in shared spaces, granite countertops, stainless steel appliances, modern fixtures, and a spacious layout that supports both family living and tenant retention. It also includes a two-car garage, large walk-in pantry, soaking tub in the primary bath, and energy-efficient systems—all key features that support higher rent values and lower turnover. Carrington Estates is a new 44-lot subdivision developed by Meridian Pacific Properties, designed with both residents and investors in mind. The community offers well-maintained common areas and green space, with easy access to shopping, schools, medical services, and commuter routes. Investors benefit from low property taxes, modest HOA fees, and proximity to the Blue Oval City development and regional logistics corridor. The property is fully leased and professionally managed by Meridian’s in-house team, allowing for true turnkey ownership. As with all Meridian homes, it qualifies for potential investor incentives—including special offers on closing costs or bundled purchases. Whether you're completing a 1031 Exchange or expanding your rental portfolio, this home is an ideal fit for investors seeking move-in-ready assets with immediate income and long-term appreciation potential.
LVP flooring in common areas
Carpet or LVP (upgrade) in the primary bedroom
Carpet in the secondary bedrooms
Ceramic tile in Premier primary bathrooms
LVP flooring in secondary bathrooms
Flat paint
Ceramic tile backsplashes in Premier kitchens
Granite or quartz (upgrade) countertops
Cultured marble bathroom countertops
9′ or 10′ ceilings
Designer Lighting Package
Stainless steel dishwasher, microwave, gas range (Premier) or electric range (Select)
Gas (Premier) or electric (Select) fireplace with modern mantle
Connect with a Meridian investment advisor to ask questions, evaluate the numbers, and explore how this property fits your goals. Theres no pressure — just expert guidance.
Buy this property for $399,990 and earn $2,400 per month in estimated rent.
All numbers are estimates for illustration only and not guaranteed. Actual performance, pricing, and rent may vary. This is not a commitment to sell or invest. Please consult your financial advisor. We expect the rent to be within $50 of the estimated rent. Meridian helps to protect the rental income for our investors through our rent warranty program.
Limited time offer. Call (901) 300-2260 to lock in your savings.
As the developer, Meridian can build investment properties anywhere we want. We carefully identify suburban submarkets that are likely to yield strong returns. We look for prime locations, stand out rankings, and close proximity to major employers. This is why we built the subdivision of Carrington Estates in Oakland, Tennessee.
Carrington Estates is a larger-format community in Oakland, Tennessee, positioned next to a golf course and offering a more open, country-style setting while still remaining connected to the broader Memphis metro. Homes typically range from approximately 2,000 to over 3,000 square feet with 4–5 bedroom floor plans, providing a higher square footage profile than many surrounding subdivisions and appealing to renters who prioritize space, newer construction, and a quieter residential environment.
The neighborhood combines this more spacious, low-density feel with a consistent build standard across homes, supporting ease of management and repeatability for investors. The overall positioning creates an accessible form of upscale living, delivering larger homes and higher-end finishes at a price point that remains practical for a wide segment of the workforce. While Oakland schools are more moderate, the community benefits from proximity to nearby Arlington, where stronger educational options contribute to sustained housing demand in the area.
Homes are constructed with durable, low-maintenance materials including brick and fiber cement siding, architectural shingles, and energy-efficient systems such as high-efficiency HVAC, upgraded insulation, and Low-E windows. Interior finishes emphasize longevity and broad appeal, with luxury vinyl plank flooring in main living areas, tile in bathrooms, and solid-surface countertop options, helping reduce ongoing maintenance exposure.
Located in Fayette County, where property taxes remain among the lowest in the Memphis MSA, Carrington Estates combines larger home sizes with a favorable cost structure. Its proximity to the Ford BlueOval City development and the expanding eastern Memphis employment corridor supports long-term demand, positioning the community as a scalable option for investors targeting newer construction in a lower-density setting.
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