For Sale

Rosalie Woods Drive

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

Cordova,

38018

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🛏️ 4 Bedrooms

🛁 2.5 Baths

🏠 2405 SF

📐 Model –

🏡 Subdivision – Woodland Hills

🌳 7235 SF Lot

🔨 Built in 2024

🏦 $2,804 Annual Property Tax

📫 $300 Annual HOA Fees

🛡️ $800 Insurance Premium

Property Description

Features + Upgrades

Unincorporated Shelby County
Lower Property Taxes
Conveniently Located Near Germantown
Quality Construction & Premium Finishes
Three available floor plan designs
Approximately 2,285–2,559 heated sq ft
Private school options nearby
Germantown High School district
Rental investment opportunity
Additional homes coming in late 2026 / early 2027

📋

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 $430,000 and earn $2,595 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)

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Maintenance Rate (% of GOI)

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Rent Appreciation Rate

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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

580 Rosalie Woods Drive, Cordova, TN 38018

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 - Woodland Hills
📌 Lot 271
🌳 7,235 SF Lot
📐 Floor Plan - Spruce Side Load 1526
🇺🇸 County - Shelby County
🏦 $2,804 Annual Property Tax
🏡 $300 Annual HOA Fees

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

PRO FORMA

📍580 Rosalie Woods Drive, Cordova, TN 38018

Buy this property for $430,000 and earn $2,595 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 Cordova 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 Woodland Hills in Cordova, Tennessee.

City: Cordova , TN

Established, built-out Memphis suburb (housing stock mostly 1980s–90s) with a mix of single-family homes, townhomes, and condos in landscaped subdivisions with mature trees and green space
Anchored by Wolfchase Galleria (2760 N. Germantown Pkwy), a 117-store regional mall (Macy's, Dillard's, JCPenney, Primark) plus a dense surrounding retail/restaurant corridor along Germantown Parkway and Houston Levee
Split school zoning is a key differentiator: most of Cordova falls in Memphis-Shelby County Schools (Cordova Elementary/Middle/High), while several subdivisions on the eastern edge (e.g., Woodland Hills) are zoned into the separately-chartered Germantown Municipal School District (Macon-Hall Elementary, Mt. Pisgah Middle, Germantown High) — one of the highest-rated municipal districts in Shelby County
Home to corporate/industrial neighbors including Agricenter International, International Paper, and Cargill Cotton, in addition to nearby FedEx and AutoZone operations
Renter base is substantial and stable — 41.2% of occupied housing units are renter-occupied

Cordova Market Analysis

🏢 51,673 Population

💵 Approximately $325,000 Median Home Price

🛣️ Approximately 18 miles

📊 Properties Available: 2

Subdivision: Woodland Hills

Woodland Hills is a community in Cordova, Tennessee, located in the unincorporated area of Shelby County, offering the benefit of lower property taxes. Conveniently situated just minutes from Germantown, the neighborhood provides easy access to shopping, dining, parks, and major commuter routes. Homes feature quality construction, modern finishes, and a selection of thoughtfully designed floor plans ranging from approximately 2,285 to 2,559 heated square feet. Additional new homes are planned for completion in late 2026 and early 2027.

🛏️ 4+ Bedrooms

🛁 2.5+ Baths

🏠 2,285 - 2,426 Sq Ft

📐 3 Floor plans

🏦 0.652% (0.00652 × Sales Price)% Tax

📬 $300 HOA

🛡️ $800 Insurance