Maintenance Rate (% of GOI):
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This is the kind of opportunity serious real estate investors are looking for—strong projected returns, rising rental demand, and long-term appreciation in a stable, business-friendly market. Located just 35 miles east of Memphis in Oakland, TN, this property sits in one of the fastest-growing towns in the Memphis MSA. With a median household income of $88,078 and a cost of living index of 88.2, Oakland offers affordability and upside. Property taxes in Fayette County are among the lowest in the region, helping you maximize net operating income. Combine that with new construction quality and the Memphis market’s proven resilience, and you have a recipe for long-term portfolio success. Why This Property Stands Out: Investor-Friendly Location — Strong population growth, proximity to major employers, and thriving retail centers create consistent rental demand. Turnkey Advantage — New construction with modern finishes, energy efficiency, and builder warranties translates to fewer maintenance headaches and lower ownership costs. Cash Flow + Appreciation — With rental demand rising and Memphis home prices projected to continue climbing, this asset delivers on both income and equity growth. Inside, the home features 5 bedrooms and 3 bathrooms across 2,217 square feet of open-concept living space. It’s built using The Dove floor plan, popular with renters for its smart layout and flexibility. The main level includes a bright family room with an electric fireplace, a stylish kitchen with granite countertops and white shaker cabinetry, and a spacious primary suite with dual walk-in closets. Upstairs, a bonus room and private guest quarters provide added versatility for tenants. This home is located in Carrington Estates, a quiet, well-maintained community known for quality construction and neighborhood appeal. It's a top choice for families and professionals looking to rent in Oakland’s expanding market. Looking for a stable, income-producing rental that’s ready to perform? This property checks every box. Contact us today to explore available incentives, financing options, and how our turnkey process makes out-of-state investing easy.
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
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.
Buy this property for $405,990 and earn $2,400 per month in estimated rent.
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.
Limited time offer. Call (901) 300-2260 to lock in your savings.
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.
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.
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