Maintenance Rate (% of GOI):
2%
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5%
5%
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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
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 $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.
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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