Maintenance Rate (% of GOI):
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Located in the thriving community of Silo Ridge Estates in Byhalia, Mississippi, this brand-new construction offers a strong combination of rental appeal and long-term value for investors. Nestled on a wooded, 1.5-acre lot, this home delivers the space, privacy, and layout flexibility that tenants look for in today’s market.
The Cypress C floor plan features five bedrooms — three upstairs and two on the main level — making it ideal for renters who need a home office, guest space, or multigenerational setup. At the heart of the home is a spacious living area that opens into a chef-inspired kitchen with modern finishes and direct access to the two-car garage.
The main-level primary suite is designed for comfort, with abundant natural light, a walk-through shower, soaking tub, dual vanities, and two walk-in closets. Upstairs, renters will find three additional bedrooms, including one with a sitting area, plus a full bathroom.
This home’s rural setting, combined with its easy access to the Memphis metro area, positions it perfectly for tenants seeking space without sacrificing convenience. With new construction quality and a layout renters love, this property is a compelling investment in a growing market.
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 $407,900 and earn $2,800 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 Silo Ridge Estates in Byhalia, Mississippi.
Silo Ridge Estates is a low-density community in Byhalia, Mississippi, offering new construction homes on expansive, wooded parcels that typically range from approximately 1.5 to over 4 acres. With close to 40 homesites in total, the subdivision is built entirely by Meridian and delivers a land-rich setting that is increasingly difficult to find within the Memphis MSA. The homes feature a modern farmhouse architectural style, giving the community a cohesive, clean aesthetic that stands out from more traditional suburban developments.
Homes range from roughly 2,200 to nearly 3,000 square feet with 3–5 bedroom configurations, providing functional layouts suited for long-term occupancy. The defining characteristic, however, is the lot size—many parcels extend across multiple acres, creating a level of privacy and separation not typically available in newer construction communities. The setting feels more rural, with wooded surroundings and open land, while still maintaining reasonable proximity to Collierville and its established retail, dining, and employment base.
Each home includes durable construction and efficient systems, with finishes and materials consistent across the community. The use of well, septic, and propane systems reflects the lower-density, more rural nature of the area and contributes to a different operating profile than more traditional suburban neighborhoods.
While this is not a core investor-focused submarket, Silo Ridge Estates offers a distinct alternative within the broader region—larger acreage, newer construction, and a quieter environment, all within reach of one of the Memphis area’s most active suburban corridors.
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