Olive Branch, MS 38654 Coming Soon
7552 Newbury Drive
Olive Branch,
MS
38654
๐Ÿ’ฐ $404,990
๐Ÿ›๏ธ 5 Bedrooms
๐Ÿ› 3 Baths
๐Ÿ  2201 SF
๐Ÿ”จ Built in 2025

Property Description

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 demandโ€”ideal for stable appreciation and high-quality tenants.

Located in the highly regarded Southbranch community of Olive Branch, MS, this new construction property at 7552 Newbury Drive delivers the features todayโ€™s renters wantโ€”and the long-term value investors need. The home is built on The Blue Jay floor plan, a popular and well-tested design that balances spaciousness, functionality, and architectural appeal. With five bedrooms and three full bathrooms spread across two levels, it offers excellent versatility for families and work-from-home professionals alike. Inside, youโ€™ll find thoughtful upgrades that enhance both daily comfort and investment performance. Vaulted ceilings and an electric fireplace elevate the main living space, while the kitchen stands out with stainless-steel appliances, granite countertops, an oversized island, walk-in pantry, and peninsula-style breakfast area. The layout is designed for privacy, with a split bedroom plan and a secluded primary suite featuring double vanities, dual walk-in closets, a soaking tub, and separate shower. A bonus room and upstairs bedroom with bath offer flexible living space that adapts to a tenantโ€™s evolving needs. Southbranch is a desirable neighborhood just south of Memphis, offering the peace of suburban living alongside easy access to major job centers, schools, retail, and interstate corridors. Olive Branch is consistently ranked among the best places to live in the state, thanks to its quality infrastructure, schools, and strong population growth. As part of the greater Memphis MSA, it benefits from a diversified economy, low property taxes, and ongoing migration from higher-cost states. This home is professionally managed and eligible for Meridianโ€™s rent warranty program, providing predictable returns and hands-off ownership for investors. With its new construction durability, modern layout, and prime suburban location, this property is an excellent turnkey opportunity for anyone seeking Memphis-area investment properties or a 1031 exchange replacement.

Features + Upgrades

LVP flooring in common areas
Carpet in bedrooms
Ceramic tile in primary bathrooms
LVP flooring in bathrooms
Flat paint
Backsplashes in kitchen
Granite or quartz (upgrade) countertops
Cultured marble bathroom countertops
9′ or 10′ ceilings
Designer Lighting Package
Stainless steel dishwasher, microwave, gas range
Gas fireplace with modern mantle

Incentives for Investors

๐Ÿ’ฐ Up to $20,000 in Incentives
๐Ÿ’ฐ Apply towards the purchase price, closing costs, home upgrades, and/or property management services through our Investor Incentive Program.
๐Ÿ… Rent Warranty
๐Ÿ… Enjoy immediate rental income from Day 1 with our rent warranty, covering the first lease term (18-24 months).
๐Ÿก Property Upgrades
๐Ÿก Enhance your investment with premium features such as 2โ€ faux wood blinds, a 6-foot privacy fence, and a stainless steel refrigerator.
๐Ÿ’ต First Tenant is Free
๐Ÿ’ต Weโ€™ll waive the first lease-up fee and find your first tenant at no costโ€”equivalent to one monthโ€™s rent in savings.
โœˆ๏ธ Free Trip to Memphis
โœˆ๏ธ Pre-qualify for our Investor Exploration Program and receive complimentary airfare, lodging, property tours, and meals for you and a guest.
Limited time offer. Call (901) 300-2260 to lock in your savings.
Brian Conlon Headshot Square Web2

Speak with an investment property expert.

Brian Conlon, Business Development

๐Ÿ“Š Investment Overview

Buy this property for $404,990 and earn $2,650 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
Estimated Annual Rent (GSI):
$36,000
Gross Operating Income (GOI):
$36,000
Annual Rent - Annual Expenses:
$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:
Y1
Y2
Y3
Y4
Y5
Y6
Y7
Y8
Y9
Y10
Vacancy Rate (% of GSI):
0%
5%
5%
5%
5%
5%
5%
5%
5%
5%
Maintenance Rate (% of GOI):
2%
3%
4%
5%
5%
5%
5%
5%
5%
5%
Property Mgmt Rate (% of GOI):
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
Property Appreciation Rate:
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
Rent Appreciation Rate:
3.5%
3.5%
3.5%
3.5%
3.5%
3.5%
3.5%
3.5%
3.5%
3.5%
Expense Inflation Rate:
3%
3%
3%
3%
3%
3%
3%
3%
3%
3%
Sales Cost Rate (% of Price):
-
-
-
-
-
-
-
-
-
7%
Vacancy Rate (% of GSI):
0%
5%
5%
5%
5%
5%
5%
5%
5%
5%
Maintenance Rate (% of GOI):
2%
3%
4%
5%
5%
5%
5%
5%
5%
5%
Property Mgmt Rate (% of GOI):
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
Property Appreciation Rate:
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
Rent Appreciation Rate:
3.5%
3.5%
3.5%
3.5%
3.5%
3.5%
3.5%
3.5%
3.5%
3.5%
Expense Inflation Rate:
3%
3%
3%
3%
3%
3%
3%
3%
3%
3%
Sales Cost Rate (% of Price):
-
-
-
-
-
-
-
-
-
7%
INITIAL INVESTMENT
?
Enter Purchase Price of the property. If you are financing the property, enter the Down Payment percentage here. For most investors, itโ€™s usually a number between 20-30%. For a cash purchase, enter 100%. Next, enter the Closing Costs & Fees. If you are working with a lender, she can give you a good faith estimate for this line item.
Purchase Price
Closing Costs & Fees
Down Payment
=
50%
Mortgage Rate (30 Yr Fixed)
50%
INCOME AND EXPENSES
?
Enter the Monthly Rent, Annual Property Tax and Annual Insurance Premium amounts here. The tax information is available on most county property tax websites. The insurance information is available from the insurance company. It is important to research whether or not the property is located in a homeownerโ€™s association that carries Homeownerโ€™s Association (HOA) fees. If so, enter the annual amount.
Monthly Rent*
Annual Property Tax
Annual Insurance Premium
Annual HOA Fees
ECONOMIC ASSUMPTIONS
?
In this section, you need to make some assumptions about the property as indicated to the right. Vacancy Rate: Percentage of Gross Scheduled Income (GSI) or total annual rents possible per year. Maintenance Rate: Percentage of Gross Operating Income (GOI), or the income the property receives after accounting for vacancy. Property Management Rate: Percentage of GOI, the amount of rents actually collected by the property manager. Property Appreciation Rate: Your expectation of how the property value will appreciate. Expense Inflation Rate: The general economic inflation percentage rate. Sales Costs: Costs associated with selling property when it is finally sold, including sales commissions and closing costs. This is a one-time expense.
Vacancy Rate (% of GSI)
% Advanced +
Year 1%
Year 2%
Year 3%
Year 4%
Year 5%
Year 6%
Year 7%
Year 8%
Year 9%
Year 10%
Maintenance Rate (% of GOI)
% Advanced +
Year 1%
Year 2%
Year 3%
Year 4%
Year 5%
Year 6%
Year 7%
Year 8%
Year 9%
Year 10%
Property Mgmt Rate (% of GOI)
% Advanced +
Year 1%
Year 2%
Year 3%
Year 4%
Year 5%
Year 6%
Year 7%
Year 8%
Year 9%
Year 10%
Property Appreciation Rate
% Advanced +
Year 1%
Year 2%
Year 3%
Year 4%
Year 5%
Year 6%
Year 7%
Year 8%
Year 9%
Year 10%
Rent Appreciation Rate
% Advanced +
Year 1%
Year 2%
Year 3%
Year 4%
Year5%
Year 6%
Year 7%
Year 8%
Year 9%
Year 10%
Expense Inflation Rate
% Advanced +
Year 1%
Year 2%
Year 3%
Year 4%
Year 5%
Year 6%
Year 7%
Year 8%
Year 9%
Year 10%
Sales Cost Rate (% of Price)
%
INVESTMENT AND DEBT SERVICE CALCULATIONS
?
Investment and debt service calculations: Based on the data entered above, the investorโ€™s total cash investment, and the monthly and annual debt service is calculated here.
Property Purchase Price
Down Payment
Closing Costs & Fees
Total Cash Investment
DEBT SERVICE SUMMARY
?
Investment and debt service calculations: Based on the data entered above, the investorโ€™s total cash investment, and the monthly and annual debt service is calculated here.
Amount Financed
Debt Service (P&I), Monthly
Debt Service (P&I), Annual
KEY FINANCIAL RATIOS (RETURN ON INVESTMENT)
?
Key Financial Ratios are calculated as 10-year averages to the right based on the data entered above. 10-Year Average Cash on Cash ROI โ€“ ten year average of cash on cash (CoC) return. Cash-On-Cash ROI + Debt Pay Down โ€“ this is the combined return of the debt pay down and the cash on cash return. 10-Year Average Capitalization Rate โ€“ 10 year average of annual Net Operating Income of the property divided by its purchase price. This is the approximate annual CoC return for an all-cash purchase. 10-Year Internal Rate of Return (IRR) โ€“ the annual return accounting for the amount invested, cash flow earned through rents, pay down of the mortgage loan, and appreciation realized from the sale of the property. IRR is an overall return on investment metric that accounts for the amount and timing of all cash flows disbursed and received each year.
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 รท 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.

Invest in

Olive Branch

  • Located in the coveted DeSoto County School District and within walking distance of the neighborhood elementary school.
  • Named one of the best place to live in America by Money magazine for five years.
  • Prime location, just north of Route 302/Goodman Road.
  • Offers all of the services and amenities of a big city within minutes, including local shops, big-box stores, and great dining options.
  • Home to Methodist Olive Branch Hospital, named to Newsweekโ€™s 2021 list of โ€œBest Maternity Hospitals.โ€
  • Beautiful parks and golf courses nearby.
  • ๐Ÿฆ
    $4,536 Annual Property Tax
    ๐Ÿ“ฌ
    $200 Annual HOA Fees

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