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70 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

🛏️ 5 Bedrooms

🛁 3 Baths

🏠 2226 SF

🔨 Built in 2025

Property Description

This newly built five-bedroom, three-bath home at 70 Hughetta Street North in Carrington Estates offers a compelling opportunity for investors seeking well-designed, low-maintenance Memphis investment properties. The Blue Jay C floor plan spans over 2,200 square feet and is tailored to support long-term tenant satisfaction with its functional layout, energy-efficient construction, and durable finishes.

The home opens into a welcoming great room with ample natural light and high ceilings, setting a spacious and modern tone. The open-concept kitchen features granite countertops, Shaker-style cabinetry, stainless steel appliances, and a large island ideal for both dining and workspace. With a split-bedroom layout, the primary suite is thoughtfully positioned for privacy and includes a well-appointed bath and walk-in closet. Additional bedrooms and bathrooms offer flexibility for multi-generational living or home office use—features increasingly important to today’s renters. LVP flooring in common areas, efficient mechanical systems, and durable exterior materials further enhance this property's appeal for investors focused on minimizing turnover and maintenance costs.

Carrington Estates is located in Oakland, Tennessee—just east of Memphis—in the fast-growing, low-tax jurisdiction of Fayette County. This master-planned community benefits from close proximity to Memphis job centers and is strategically positioned between the Ford/SK On Blue Oval City development and the upcoming EV battery facility in Byhalia. Local infrastructure includes strong public schools, active parks and recreation programming, and convenient access to shopping and commuter routes. Professionally managed and eligible for Meridian’s rent warranty program, this turnkey investment property for sale offers stable income potential and long-term upside in one of the most resilient rental markets in the Southeast.

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 $404,900 and earn $2,375 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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Maintenance Rate (% of GOI)

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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

70 Hughetta Street North, Oakland, TN 38060

Property Details

Property Description

opens into a welcoming great room with ample natural light and high ceilings, setting a spacious and modern tone. The open-concept kitchen features granite countertops, Shaker-style cabinetry, stainless steel appliances, and a large island ideal for both dining and workspace. With a split-bedroom layout, the primary suite is thoughtfully positioned for privacy and includes a...

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 7
🌳 18,421 SF Lot
📐 Floor Plan - Blue Jay Side Load C - 1666C
🇺🇸 County - Fayette
🏦 $1,579 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

📍 70 Hughetta Street North, Oakland, TN 38060

Buy this property for $404,900 and earn $2,375 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.