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Lakeside Circle South

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

Walls,

38680

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🛏️ 4 Bedrooms

🛁 2.5 Baths

🏠 1964 SF

📐 Model –

🏡 Subdivision – Mallard Park

🌳 7946 SF Lot

🔨 Built in 2023

🏦 $- Annual Property Tax

🛡️ $700 Insurance Premium

Property Description

Features + Upgrades

LVP or Hardwood Flooring in common areas
Carpet in most bedrooms
Ceramic tile in master bathrooms
LVP flooring in bathrooms
Eggshell paint
Backsplashes on certain models
Granite or quartz countertops
Cultured marble bathroom countertops
9′ or 10′ ceilings
Stainless steel dishwash, microwave, range, and refrigerator
Fence will be subdivision specific
2″” wooden blinds”

📋

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.

📊 Investment Overview

Buy this property for $309,000 and earn $1,875 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 Mortgage Payment:

$22,000

Annual Expenses

Property Taxes:

$1579.50

Insurance Premium:

$725

HOA Fees:

$200

Vacancy Loss:

$200

Maintenance Costs:

$200

Property Management:

$200

Total Annual Expenses:

$27,000

Projected Income

Estimated Monthly Rent:

$2,600

$36,000

Monthly Before Tax Cash Flow :

$6,000

Annual Before Tax Cash Flow :

$6,000

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)

% Advanced +

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Year 2%

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Maintenance Rate (% of GOI)

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Year 10%

Property Mgmt Rate (% of GOI)

% Advanced +

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Property Appreciation Rate

% Advanced +

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Rent Appreciation Rate

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Expense Inflation Rate

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Sales Cost Rate (% of Price)

INVESTMENT AND DEBT SERVICE CALCULATIONS

Property Purchase Price

Down Payment

Closing Costs & Fees

Total Cash Investment

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

Avg Tax Adjusted CoC ROI*

10-Year Avg. Cash-On-Cash ROI adjusted for taxes

Capitalization Rate (First Year)

First Year Net Operating Income ÷ Purchase Price

10-Year Internal Rate of Return

IRR per Year

DEBT SERVICE SUMMARY

Amount Financed

Debt Service (P&I), Monthly

Debt Service (P&I), Annual

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

9092 Lakeside Circle South, Walls, MS 38680

Property Details

Property Description

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 - Mallard Park
📌 Lot 100
🌳 7,946 SF Lot
📐 Floor Plan - Canary A - 1229A
🇺🇸 County - DeSoto
🏡 $400 Annual HOA Fees

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

PRO FORMA

📍 9092 Lakeside Circle South, Walls, MS 38680

Buy this property for $309,000 and earn $1,875 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 Mortgage Payment:

$22,000

Annual Expenses

Property Taxes:

$1579.50

Insurance Premium:

$725

HOA Fees:

$200

Vacancy Loss:

$200

Maintenance Costs:

$200

Property Management:

$200

Total Annual Expenses:

$27,000

Projected Income

Estimated Monthly Rent:

$2,600

$36,000

Monthly Before Tax Cash Flow :

$6,000

Annual Before Tax Cash Flow :

$6,000

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.

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

Investing In Walls Real Estate

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 Mallard Park in Walls, Mississippi.

Walls

Up-and-coming area with excellent schools
Easy access to Downtown Memphis and the suburbs of Southaven and Horn Lake
Moderate property taxes
Supportive local government
DeSoto County has major employers like Amazon, FedEx Ground, Milwaukee Tool, and multiple distribution/healthcare hubs
One of the fastest-growing counties in Mississippi

Walls Market Analysis

🏢 1,300 Population

💵 $247,000 Median Home Price

🛣️ 18 miles from Memphis

Subdivision: Mallard Park

Mallard Park is a single-family community in Walls, Mississippi known for its lake views and walking trails—features that consistently enhance renter appeal and overall neighborhood desirability. The subdivision includes approximately 25 investor homes within a larger community setting, with properties typically ranging from about 1,950 to 2,200 square feet and offering 4–5 bedroom layouts. This sizing provides a practical balance of space and efficiency that aligns well with current rental demand, while quarter-acre lots maintain a consistent streetscape with usable outdoor space.

The neighborhood offers a range of floor plans within a cohesive construction standard, allowing for flexibility without sacrificing consistency. Interior finishes emphasize durability and ease of maintenance, with materials selected to support long-term performance and predictable operating costs. The setting leans more toward a country-style environment, with a quieter, less dense feel compared to more central DeSoto County locations.

Located in an up-and-coming area on the outskirts of the county just south of Memphis, Mallard Park provides convenient access to both Downtown Memphis and Tunica, including nearby casinos and entertainment. Its position near Highway 61 and Interstate 55 connects residents to major employment centers throughout the Memphis logistics corridor, supporting steady leasing demand.

Now fully sold out, Mallard Park represents a proven community where product type, location, and neighborhood features align to support stable occupancy and long-term rental performance.

🛏️ 4+ Bedrooms

🛁 2.5+ Baths

🏠 1957 – 2226 S.F.

📐 13 Floor plans

🌳 1/4 Acre lots Acre lots

🏦 1.5% Tax

📬 $400 HOA

🛡️ $875 Insurance