This newly constructed five-bedroom, three-bath Cypress floor plan in Carrington Estates offers investors a premium opportunity to acquire a spacious, thoughtfully designed home in one of the Memphis area’s most desirable suburban communities. With over 2,500 square feet of living space, this two-story layout was built to meet the needs of modern renters, combining long-term durability with aesthetic appeal. On the main level, the open-concept living area centers around a large great room with a fireplace, leading into a well-appointed kitchen featuring granite countertops, a large center island, and both a breakfast nook and separate dining area. The layout includes a main-floor primary suite with dual walk-in closets and a spa-like bathroom offering a soaking tub and walk-through dual-head tiled shower. A second bedroom and full bath downstairs provide added flexibility for multi-generational living or remote work needs. Upstairs, three additional bedrooms and a third full bath complete the floor plan, ensuring functional space for households of all sizes. Located in tax-friendly Fayette County, Carrington Estates in Oakland offers strong long-term fundamentals for investors seeking Memphis investment properties in high-demand, low-vacancy areas. The community is strategically situated between downtown Memphis and major employment centers like Blue Oval City and the EV battery plant in Byhalia. The area is served by the Fayette County Public School system and offers easy access to recreational amenities, local parks, and Fair Oaks Golf Club. Professionally managed and supported by Meridian’s rent warranty program, this investment property for sale delivers both peace of mind and income potential in a growing market.
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
Buy this property for $424,900 and earn $2,550 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.


This newly constructed five-bedroom, three-bath Cypress floor plan in Carrington Estates offers investors a premium opportunity to acquire a spacious, thoughtfully designed home in one of the Memphis area’s most desirable suburban communities. With over 2,500 square feet of living space, this two-story layout was built to meet the needs of modern renters, combining long-term
durability with aesthetic appeal. On the main level, the open-concept living area centers around a large great room with a fireplace, leading into a well-appointed kitchen featuring granite countertops, a large center island, and both a breakfast nook and separate dining area. The layout includes a main-floor primary suite with dual walk-in closets and a spa-like...
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.
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.
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
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.
Buy this property for $424,900 and earn $2,550 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.
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