For Sale

60 Hughetta Street North

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

Oakland,

38060

💰 view price

📆 view estimated rent

🛏️ 4 Bedrooms

🛁 2.5 Baths

🏠 2043 SF

🔨 Built in 2025

Property Description

This newly built four-bedroom, two-and-a-half-bath home in Carrington Estates offers an ideal blend of comfort, design efficiency, and long-term durability—perfectly suited for investors seeking stable, Class A Memphis investment properties. The Oriole floor plan is both modern and functional, with a welcoming front porch and a flexible entry space that adapts easily to tenant needs—whether as a home office, playroom, or fitness area. The open-concept layout features a dramatic two-story great room with a fireplace and floating mantle, creating a warm yet refined living space that appeals to today’s renters.

At the heart of the home is a thoughtfully designed kitchen with granite countertops, Shaker cabinetry, stainless-steel appliances, and a central island—an attractive setup for entertaining or family meals. The private downstairs primary suite overlooks the backyard and includes an ensuite bath with a tiled walk-in shower, soaking tub, dual vanities, and a spacious closet. Upstairs, three additional bedrooms and a full bath provide ample room for tenants. The home also includes a concrete patio, energy-efficient systems, and finishes selected to minimize maintenance over time.

Professionally managed and backed by Meridian’s rent warranty program, this property offers peace of mind for out-of-state and 1031 exchange buyers. Carrington Estates is located in Oakland, a high-growth suburb just east of Memphis in tax-friendly Fayette County. With direct access to major job corridors—including Ford’s Blue Oval City and the planned EV battery facility in Byhalia—this area benefits from strong rental demand driven by economic and population expansion. Local amenities include top-rated public schools, multiple parks and recreation programs, and proximity to Fair Oaks Golf Club. For investors seeking new construction rental homes in strategic submarkets of the greater Memphis MSA, this property stands out as a turnkey, income-producing asset.

Features + Upgrades

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

📋

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

📊 Investment Overview

Buy this property for $384,900 and earn $2,300 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 Expenses

Mortgage Payment (P&I):

$22,000

Property Taxes:

$1579.50

Insurance Premium:

$725

HOA Fees:

$200

Vacancy Loss:

$200

Maintenance Costs:

$200

Property Management:

$200

Total Annual Expenses (GSI):

$27,000

Projected Income

Estimated Monthly Rent:

$2,600

$36,000

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):

INITIAL INVESTMENT

Purchase Price

Closing Costs & Fees

Down Payment

50%

Mortgage Rate
(30 Yr Fixed)

50%

INCOME AND EXPENSES

Monthly Rent*

Annual Property Tax

Annual Insurance Premium

Annual HOA Fees

ECONOMIC ASSUMPTIONS

Mode: SIMPLE

Vacancy Rate (% of GSI)

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INVESTMENT AND DEBT SERVICE CALCULATIONS

Property Purchase Price

Down Payment

Closing Costs & Fees

Total Cash Investment

DEBT SERVICE SUMMARY

Amount Financed

Debt Service (P&I), Monthly

Debt Service (P&I), Annual

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

Capitalization Rate (First Year)

First Year Net Operating Income ÷ Purchase Price

10-Year Internal Rate of Return

IRR per Year

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

60 Hughetta Street North, Oakland, TN 38060

Property Details

Property Description

as a home office, playroom, or fitness area. The open-concept layout features a dramatic two-story great room with a fireplace and floating mantle, creating a warm yet refined living space that appeals to today’s renters. At the heart of the home is a thoughtfully designed kitchen with granite countertops, Shaker cabinetry, stainless-steel appliances, and a central...

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 - Carrington Estates
📌 Lot 6
🌳 15,434 SF Lot
📐 Floor Plan - Oriole Front Load A - 1329A
🇺🇸 County - Fayette
🏦 $1,501 Annual Property Tax
🏡 $200 Annual HOA Fees

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

PRO FORMA

📍 60 Hughetta Street North, Oakland, TN 38060

Buy this property for $384,900 and earn $2,300 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 Expenses

Mortgage Payment (P&I):

$22,000

Property Taxes:

$1579.50

Insurance Premium:

$725

HOA Fees:

$200

Vacancy Loss:

$200

Maintenance Costs:

$200

Property Management:

$200

Total Annual Expenses (GSI):

$27,000

Projected Income

Estimated Monthly Rent:

$2,600

$36,000

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.

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.

Invest In Oakland Real Estate

Properties / Tennessee / Oakland / Carrington Estates /

Located in Fayette County, this area has some of the lowest property taxes in all of the Memphis region.

A perfect location for commuting professionals. Oakland is just 35 miles east of downtown Memphis and sits equidistant from Ford/SK On's Blue Oval City in Stanton, Tenn. and the recently announced EV truck battery plant in Byhalia, Mississippi.

Fayette County Public Schools includes four elementary schools, two junior high schools, and one high school and serves over 3,000 students in local community public schools.

The city’s Parks and Recreation department maintains beautiful community parks and offers programming for children and adults. The Fair Oaks Golf Club is close by for those who enjoy hitting the links.