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Hedge Rose

 

Now Selling

Overview

FIGURES

25 Homes
4+ Bedrooms
2.5+ Baths
1,808-2,505
10,226-23,947

ABOUT

Welcome to Hedge Rose — Meridian’s Newest Community Northeast of Memphis! With its fresh air and scenic vistas, Hedge Rose is the epitome of country living. Located in the charming Southern city of Somerville, Tennessee, this established community offers a blend of thoughtfully designed floor plans and elevations built to Meridian’s high standards of excellence. You’ll find the space to host a big backyard celebration or an intimate indoor gathering. Best of all, Hedge Rose is less than an hour from the amenities of downtown Memphis and a 30-minute commute to Ford’s BlueOval City manufacturing plant.

FEATURES

  • LVP or Flooring in common areas
  • Carpet in bedrooms
  • LVT flooring in bathrooms
  • Flat paint
  • Backsplashes available (upgrade)
  • Granite or quartz (upgrade) countertops
  • Cultured marble bathroom countertops
  • 9′ or 10′ ceilings
  • Designer Lighting Package
  • Moen Designer Plumbing Package
  • Stainless steel dishwasher, microwave, electric range
  • Electric fireplace with modern mantle
  • Fenced backyard
  • Blinds

Plat Map

Hedge Rose features 25 homes on 10,226-23,947.

Properties

There are 25 total homes in Hedge Rose. Currently, there are 7 properties for sale.

Active
$365,000
125 Primrose Lane, Somerville, TN 38068
Community: Hedge Rose Lot: 165
Floor Plan: Laurel Front Load Front Elevation: A

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

Active
$359,000
260 Azalea Drive, Somerville, TN 38068
Community: Hedge Rose Lot: 74
Floor Plan: Sapphire Front Elevation: D

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

Active
$353,900
390 Azalea Drive, Somerville, TN 38068
Community: Hedge Rose Lot: 144
Floor Plan: Sapphire Front Elevation: D

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

Active
$349,900
400 Azalea Drive, Somerville, TN 38068
Community: Hedge Rose Lot: 143
Floor Plan: Sapphire Front Elevation: C

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

Active
$363,900
410 Azalea Drive, Somerville, TN 38068
Community: Hedge Rose Lot: 142
Floor Plan: Sapphire Front Elevation: D

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

Active
$349,900
420 Azalea Drive, Somerville, TN 38068
Community: Hedge Rose Lot: 141
Floor Plan: Sapphire Front Elevation: C

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

Active
$363,900
430 Azalea Drive, Somerville, TN 38068
Community: Hedge Rose Lot: 140
Floor Plan: Sapphire Front Elevation: D

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

Floor Plans

There are 7 available floor plans in Hedge Rose, ranging from 1,808-2,505.
Dove Front Load
Front Elevation B
1548
Laurel Front Load
Front Elevation A
1826
Oriole
Front Elevation A
1329
Redbud
Front Elevation C
1229
Sapphire
Front Elevation C
1471
Sapphire
Front Elevation D
1471
Sycamore Side Load
Front Elevation A
2200

Location

Conveniently located east of Oakland off highway 64 with a current population of just over 2,500 residents. An ideal choice for people relocating to the area to work for Ford Motor Company, SK On, their suppliers, or any other companies with operations in the region. Quaint downtown is lined with local shops, and the town square is home to the Fayette County Courthouse. The city offers both public and private education options for families with school-aged children. The University of Tennessee Martin Somerville Center offers a limited number of degree programs and access to college-level classes for high-school students.

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
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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.
Property Purchase Price
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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.
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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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