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Carrington Estates

 

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Now Selling

  • Oakland, TN 38060
  • Available Now: 3
  • Sales Price: Starting at $405,000

Overview

Properties

Floor Plans

Location

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Overview

FIGURES

44 Homes
2,000-3,300

ABOUT

Discover Carrington Estates, Meridian’s newest community in Oakland, Tennessee. This charming enclave of 44 homesites marries the tranquility of rural-suburban living with easy access to amenities like shopping centers, dining options, medical services, and top-tier schools. Each home in Carrington Estates is a testament to Meridian’s commitment to excellence and style, offering sophisticated designs, sought-after finishes, and generously sized floor plans ranging from 2,000 to 3,300 square feet. Outdoor enthusiasts will enjoy the community’s well-maintained common areas, which support an active lifestyle while fostering connection with nature and neighbors. Carrington Estates isn’t just a place to live – it’s a place to put down roots and create lasting memories.

FEATURES

Plat Map

Properties

There are 44 total homes in Carrington Estates. Currently, there are 3 properties for sale.

Active
$409,000
10 Hughetta Street North, Oakland, TN 38060
Community: Carrington Estates Lot: 1
Floor Plan: Dove Front Load Front Elevation: E
bedroom 5 BDS
bathroom 3 BA
Home area 2,200 - 2,300 S.F.

This featured home represents the floor plan. Actual front elevation, color, and finishes may vary. For more information, please contact a sales agent.

Active
$405,000
20 Hughetta Street North, Oakland, TN 38060
Community: Carrington Estates Lot: 2
Floor Plan: Blue Jay Front Load Front Elevation: C
bedroom 5 BDS
bathroom 3 BA
Home area 2,100 - 2,200 S.F.

This featured home represents the floor plan. Actual front elevation, color, and finishes may vary. For more information, please contact a sales agent.

Active
$409,000
40 Hughetta Street North, Oakland, TN 38060
Community: Carrington Estates Lot: 4
Floor Plan: Dove Front Load Front Elevation: F
bedroom 5 BDS
bathroom 3 BA
Home area 2,200 - 2,300 S.F.

This featured home represents the floor plan. Actual front elevation, color, and finishes may vary. For more information, please contact a sales agent.

VIEW ALL Homes for Sale

Floor Plans

There are 15 available floor plans in Carrington Estates, ranging from 2,000-3,300.
Blue Jay Front Load
Front Elevation C
1666
5 BDS
3 BA
2,100 - 2,200 S.F.
Cypress Front Load
Front Elevation B
1794
5 BDS
3 BA
2,500 - 2,600 S.F.
Cypress Front Load
Front Elevation C
1794
5 BDS
3 BA
2,500 - 2,600 S.F.
Dove Front Load
Front Elevation E
1548
5 BDS
3 BA
2,200 - 2,300 S.F.
Dove Front Load
Front Elevation F
1548
5 BDS
3 BA
2,200 - 2,300 S.F.
Hazel Front Load
Front Elevation A
1520
4 BDS
2.5 BA
2,200 - 2,300 S.F.
Hazel Front Load
Front Elevation B
1520
4 BDS
2.5 BA
2,200 - 2,300 S.F.
Laurel Front Load
Front Elevation D
1826
5 BDS
3 BA
2,400 - 2,500 S.F.
Laurel Front Load
Front Elevation E
1826
5 BDS
3 BA
2,500 - 2,400 S.F.
Magnolia Side Load
Front Elevation A
1899
5 BDS
3.5 BA
2,800 - 2,900 S.F.
Magnolia Front Load
Front Elevation A
1899
5 BDS
3.5 BA
2,800 - 2,900 S.F.
Oriole
Front Elevation A
1329
4 BDS
2.5 BA
2,000 - 2,100 S.F.
Poplar Front Load
Front Elevation A
1748
5 BDS
3 BA
2,600 - 2,700 S.F.
Poplar Front Load
Front Elevation B
1748
5 BDS
3 BA
2,600 - 2,700 S.F.
Sycamore Front Load
Front Elevation C
2200
5 BDS
3 BA
3,200 - 3,300 S.F.

Location

  • Located in Fayette County, this area has some of the lowest property taxes in all of 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 those who enjoy hitting the links.

    • Investor Calculator

    PROPERTY INCOME AND OPERATING EXPENSE DATA
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    Enter the Monthly Rent, Annual Property Tax and Annual Insurance Premium amounts here. The tax information is available on most county property tax websites. The insurance information is available from the insurance company. It is important to research whether or not the property is located in a homeowner’s association that carries Homeowner’s Association (HOA) fees. If so, enter the annual amount.
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    ACQUISITION AND DEBT SERVICE SUMMARY
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    Enter Purchase Price of the property. If you are financing the property, enter the Down Payment percentage here. For most investors, it’s usually a number between 20-30%. For a cash purchase, enter 100%. Next, enter the Closing Costs & Fees. If you are working with a lender, she can give you a good faith estimate for this line item.
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    ECONOMIC MODELING ASSUMPTIONS (PER YEAR, FOR 10 YEARS)
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    In this section, you need to make some assumptions about the property as indicated to the right. Vacancy Rate: Percentage of Gross Scheduled Income (GSI) or total annual rents possible per year. Maintenance Rate: Percentage of Gross Operating Income (GOI), or the income the property receives after accounting for vacancy. Property Management Rate: Percentage of GOI, the amount of rents actually collected by the property manager. Property Appreciation Rate: Your expectation of how the property value will appreciate. Expense Inflation Rate: The general economic inflation percentage rate. Sales Costs: Costs associated with selling property when it is finally sold, including sales commissions and closing costs. This is a one-time expense.
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    INVESTMENT AND DEBT SERVICE CALCULATIONS
    ?
    Investment and debt service calculations: Based on the data entered above, the investor’s total cash investment, and the monthly and annual debt service is calculated here.
    Property Purchase Price
    Down Payment
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    Total Cash Investment
    DEBT SERVICE SUMMARY
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    Investment and debt service calculations: Based on the data entered above, the investor’s total cash investment, and the monthly and annual debt service is calculated here.
    Amount Financed
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    KEY FINANCIAL RATIOS (RETURN ON INVESTMENT)
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    Key Financial Ratios are calculated as 10-year averages to the right based on the data entered above. 10-Year Average Cash on Cash ROI – ten year average of cash on cash (CoC) return.Cash-On-Cash ROI + Debt Pay Down – this is the combined return of the debt pay down and the cash on cash return.10-Year Average Capitalization Rate – 10 year average of annual Net Operating Income of the property divided by its purchase price. This is the approximate annual CoC return for an all-cash purchase.10-Year Internal Rate of Return (IRR) – the annual return accounting for the amount invested, cash flow earned through rents, pay down of the mortgage loan, and appreciation realized from the sale of the property. IRR is an overall return on investment metric that accounts for the amount and timing of all cash flows disbursed and received each year.
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    About the calculations

    The calculations and data presented herein are deemed to be accurate, but accuracy is not guaranteed. The projected proforma returns on investment are intended for the purpose of illustrative projections to facilitate analysis and are not guaranteed by Meridian Pacific Properties, Inc. or its affiliates and subsidiaries. The information provided herein is not intended to replace or serve as a substitute for any legal,real estate, tax, or other professional advice, consultation or service. The prospective buyer should consult with a professional in the respective legal, tax, accounting, real estate, or other professional area before making any decisions or entering into any contracts pertaining to the property or properties described herein.

    Monthly Rent *

    Represents the middle point of an expected rent range. 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. Please call Meridian Pacific Properties directly for more information.

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