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Stewart Road

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

Munford,

38058

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🛏️ 5 Bedrooms

🛁 3 Baths

🏠 2200 SF

📐 Model –

🏡 Subdivision – Villages of Green Meadows

🌳 10817 SF Lot

🔨 Built in 2023

🏦 $- Annual Property Tax

🛡️ $750 Insurance Premium

Property Description

Features + Upgrades

LVP flooring in common areas
Carpet in bedrooms
Ceramic tile in master bathrooms
LVP flooring in bathrooms
Flat paint
Backsplashes available (upgrade)
Granite or quartz (upgrade) countertops
Cultured marble bathroom countertops
9′ or 10′ ceilings
Stainless steel dishwasher, microwave, electric range
Electric 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 $363,000 and earn $2,301 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 +

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Maintenance Rate (% of GOI)

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Property Mgmt Rate (% of GOI)

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Property Appreciation Rate

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Rent Appreciation Rate

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Expense Inflation 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

282 Stewart Road, Munford, TN 38058

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 - Villages of Green Meadows
📌 Lot 413
🌳 10,817 SF Lot
📐 Floor Plan - Blue Jay Front Load A - 1666A
🇺🇸 County - Tipton
🏡 $300 Annual HOA Fees

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

PRO FORMA

📍282 Stewart Road, Munford, TN 38058

Buy this property for $363,000 and earn $2,301 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 Munford 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 Villages of Green Meadows in Munford, Tennessee.

Munford , TN

Lower property taxes than many nearby suburban markets, supporting stronger net yields
Direct access to Highway 51 provides a straightforward commute into the Memphis metro
Close proximity to major regional employers across logistics, manufacturing, and distribution in the greater Memphis MSA
Housing stock consists primarily of single-family homes with larger lot sizes than typical suburban developments
Smaller, less dense community with limited new construction compared to surrounding areas
Attractive rent-to-price ratios compared to more competitive Memphis suburbs
Access to local retail, dining, and essential services, with expanded options in nearby Atoka and Millington
Munford Middle Schools top 20% in Tennessee, Munford Elementary Schools rank top tier (A-)

Munford Market Analysis

🏢 6,460 Population

💵 $235,000 Median Home Price

🛣️ 27 miles from Memphis

Subdivision: Villages of Green Meadows

Villages of Green Meadows is a small-scale, purpose-built residential community in Munford, Tennessee, offering a limited number of build-to-rent single-family homes within a low-density setting. With only a few homesites and a controlled footprint, the subdivision provides a level of supply constraint that supports consistent demand and reduces turnover pressure often seen in larger developments.

The homes are designed with rental performance in mind, featuring 4–5 bedroom layouts and approximately 1,900 to 2,200 square feet of living space. Interior specifications prioritize durability and long-term efficiency, including luxury vinyl plank flooring in main areas, tile in wet spaces, and modern kitchen and bath finishes. These selections align with current tenant expectations while helping minimize ongoing maintenance and capital expenditures.

Set within a landscape of open land and tree lines, Villages of Green Meadows offers a more spacious and private environment than many suburban infill communities. At the same time, it maintains convenient access to nearby commercial corridors in Munford and Millington, as well as the broader Memphis logistics and industrial economy. Major regional employers, including FedEx, Nike, and International Paper, continue to anchor employment demand across the area.

For investors, this subdivision represents a targeted build-to-rent opportunity with limited inventory, efficient home design, and access to a stable employment base—key factors that support predictable cash flow and long-term asset performance.

🛏️ 4+ Bedrooms

🛁 2.5+ Baths

🏠 1,904-2,225

📐 4 Floor plans

🌳 10,623-11,780 Acre lots

📬 $300 HOA

🛡️ $725 Insurance