New

Southampton Street

Name: Meridian Pacific Properties | Real Estate Investment Rentals in Memphis
Address: 2760 Colony Park Drive, Suite 103, Memphis, TN, 38118, US
Telephone: (901) 300-2260
Price range: $300,000 - $500,000

Oakland,

38060

💰 Sign in to view price

📆 Sign in to view rent

🛏️ 5 Bedrooms

🛁 3 Baths

🏠 2235 SF

📐 Model –

🏡 Subdivision – Carrington Estates

🔨 Built in 2027

🏦 $0 Annual Property Tax

📫 $200 Annual HOA Fees

🛡️ $750 Insurance Premium

Property Description

Features + Upgrades

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

📋

Interested in this property?

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.

📊 Investment Overview

Buy this property for $0 and earn $0 per month in estimated rent.

Initial Investment

Purchase Price:

$380,000

Down Payment (30%):

$150,000

Closing Costs & Fees:

$6,000

Total Cash Investment:

$156,000

Financing Details

Loan Amount (70%):

$300,000

Mortgage Rate:

6.25%

Monthly Mortgage Payment:

$2400

Annual Mortgage Payment:

$22,000

Annual Expenses

Property Taxes:

$1579.50

Insurance Premium:

$725

HOA Fees:

$200

Vacancy Loss:

$200

Maintenance Costs:

$200

Property Management:

$200

Total Annual Expenses:

$27,000

Projected Income

Estimated Monthly Rent:

$2,600

$36,000

Monthly Before Tax Cash Flow :

$6,000

Annual Before Tax Cash Flow :

$6,000

Net Operating Income (NOI) :

$6,000

Metrics & ROI

10-Year Internal Rate of Return:

11.9%

10-Year Avg. Cash-On-Cash ROI:

3.9%

Cash-On-Cash ROI + Debt Paydown ROI:

7.4%

Capitalization Rate (First Year):

5.9%

Real Estate Value in 10 Years:

$9000

Economic Assumptions

Year:

Y10

Vacancy Rate (% of GSI):

Maintenance Rate (% of GOI):

Property Mgmt Rate (% of GOI):

10%

Property Appreciation Rate:

Rent Appreciation Rate:

3.5%

Expense Inflation Rate:

Sales Cost Rate (% of Price):

Vacancy Rate (% of GSI):

Maintenance Rate (% of GOI):

Property Mgmt Rate (% of GOI):

10%

Property Appreciation Rate:

Rent Appreciation Rate:

3.5%

Expense Inflation Rate:

Sales Cost Rate (% of Price):

INVESTMENT AND FINANCING

Purchase Price

Closing Costs & Fees

Down Payment

50%

Mortgage Rate
(30 Yr Fixed)

50%

EXPENSES AND INCOME

Monthly Rent*

Annual Property Tax

Annual Insurance Premium

Annual HOA Fees

ECONOMIC ASSUMPTIONS

Mode: SIMPLE

Vacancy Rate (% of GSI)

% Advanced +

Year 1%

Year 2%

Year 3%

Year 4%

Year 5%

Year 6%

Year 7%

Year 8%

Year 9%

Year 10%

Maintenance Rate (% of GOI)

% Advanced +

Year 1%

Year 2%

Year 3%

Year 4%

Year 5%

Year 6%

Year 7%

Year 8%

Year 9%

Year 10%

Property Mgmt Rate (% of GOI)

% Advanced +

Year 1%

Year 2%

Year 3%

Year 4%

Year 5%

Year 6%

Year 7%

Year 8%

Year 9%

Year 10%

Property Appreciation Rate

% Advanced +

Year 1%

Year 2%

Year 3%

Year 4%

Year 5%

Year 6%

Year 7%

Year 8%

Year 9%

Year 10%

Rent Appreciation Rate

% Advanced +

Year 1%

Year 2%

Year 3%

Year 4%

Year5%

Year 6%

Year 7%

Year 8%

Year 9%

Year 10%

Expense Inflation Rate

% Advanced +

Year 1%

Year 2%

Year 3%

Year 4%

Year 5%

Year 6%

Year 7%

Year 8%

Year 9%

Year 10%

Sales Cost Rate (% of Price)

INVESTMENT AND DEBT SERVICE CALCULATIONS

Property Purchase Price

Down Payment

Closing Costs & Fees

Total Cash Investment

KEY FINANCIAL RATIOS (RETURN ON INVESTMENT)

10-Year Average Cash-On-Cash ROI

Avg 10-Year CoC

Cash-On-Cash ROI + Debt Paydown ROI

Avg 10-Year CoC + Debt Paydown ROI, Excl. Appreciation

Avg Tax Adjusted CoC ROI*

10-Year Avg. Cash-On-Cash ROI adjusted for taxes

Capitalization Rate (First Year)

First Year Net Operating Income ÷ Purchase Price

10-Year Internal Rate of Return

IRR per Year

DEBT SERVICE SUMMARY

Amount Financed

Debt Service (P&I), Monthly

Debt Service (P&I), Annual

About These Calculations

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.

Investment Property Report

55 Southampton Street, Oakland, TN 38060

Property Details

Property Description

Property Type

Turnkey Rental

Start earning rental income immediately. This turnkey property will be move-in ready for tenants the day you close escrow. Our local property management team will take care of everything for you.

New Construction

This is a brand new home that has never been lived in. New construction homes typically have the highest overall ROI of any single-family rental property.

Build-to-Rent

Meridian’s build-to-rent properties are designed to attract and retain long-term tenants. We use durable materials, modern amenities, and open floor plans

Class A Property

This property is rated Class A. It is a top-tier property in a desirable neighborhood, featuring premium construction, modern finishes, and strong rental demand—ideal for stable appreciation and high-quality tenants.

Property Location

🏡 Subdivision - Carrington Estates
📌 Lot 27
📐 Floor Plan - Dove Front Load E - 1548E
🇺🇸 County - Fayette
🏦 $0 Annual Property Tax
🏡 $200 Annual HOA Fees

Interested in this property? Call or text (901) 300-2260 to speak to an investment advisor.

PRO FORMA

📍 55 Southampton Street, Oakland, TN 38060

Buy this property for $0 and earn $0 per month in estimated rent.

Initial Investment

Purchase Price:

$380,000

Down Payment (30%):

$150,000

Closing Costs & Fees:

$6,000

Total Cash Investment:

$156,000

Financing Details

Loan Amount (70%):

$300,000

Mortgage Rate:

6.25%

Monthly Mortgage Payment:

$2400

Annual Mortgage Payment:

$22,000

Annual Expenses

Property Taxes:

$1579.50

Insurance Premium:

$725

HOA Fees:

$200

Vacancy Loss:

$200

Maintenance Costs:

$200

Property Management:

$200

Total Annual Expenses:

$27,000

Projected Income

Estimated Monthly Rent:

$2,600

$36,000

Monthly Before Tax Cash Flow :

$6,000

Annual Before Tax Cash Flow :

$6,000

Net Operating Income (NOI) :

$6,000

Metrics & ROI

10-Year Internal Rate of Return:

11.9%

10-Year Avg. Cash-On-Cash ROI:

3.9%

Cash-On-Cash ROI + Debt Paydown ROI:

7.4%

Capitalization Rate (First Year):

5.9%

Real Estate Value in 10 Years:

$9000

Economic Assumptions

Year:

Y10

Vacancy Rate (% of GSI):

Maintenance Rate (% of GOI):

Property Mgmt Rate (% of GOI):

10%

Property Appreciation Rate:

Rent Appreciation Rate:

3.5%

Expense Inflation Rate:

Sales Cost Rate (% of Price):

Vacancy Rate (% of GSI):

Maintenance Rate (% of GOI):

Property Mgmt Rate (% of GOI):

10%

Property Appreciation Rate:

Rent Appreciation Rate:

3.5%

Expense Inflation Rate:

Sales Cost Rate (% of Price):

Interested in this property? Call or text (901) 300-2260 to speak to an investment advisor.

Incentives for Investors

Limited time offer. Call (901) 300-2260 to lock in your savings.

Speak with an investment property advisor.

Brian Conlon, Business Development

Investing In Oakland Real Estate

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.

Oakland Tennessee Water Tower Artist Rendering Right

Oakland , TN

Located in Fayette County, this area has some of the lowest property taxes in the Memphis region
A perfect location for commuting professionals; Oakland is just 35 miles east of downtown Memphis and sits equidistant from Ford/SK On's Blue Oval City in Stanton, Tenn. and the recently announced EV truck battery plant in Byhalia, Mississippi
Fayette County Public Schools includes four elementary schools, two junior high schools, and one high school and serves over 3,000 students in local community public schools
The city’s Parks and Recreation department maintains beautiful community parks and offers programming for children and adults
The Fair Oaks Golf Club is close by for residents who enjoy hitting the links.

Oakland Market Analysis

🏢 9,540 Population

💵 $297,000 Median Home Price

🛣️ 40 miles from Memphis

📊 Properties Available: 3

Subdivision: Carrington Estates

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.

🛏️ 4+ Bedrooms

🛁 2.5+ Baths

🏠 2,000-3,300

📐 22 Floor plans

🏦 0.39% Tax

📬 $200 HOA

🛡️ $750 Insurance