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12515  SHAYNE LN, Memphis, Tennessee, USA

Property Description


A charming 885sq ft single family home built in 1971 and sitting in the grounds of 7400sq ft. The property offers 3 bedrooms, 1 bathroom  and is located in the established White Haven-Coro Lake neighbourhood of Memphis benefiting from attractions such as the White Haven Country Club and the Whitehaven Golf Course and Ballroom, there are numerous amenities available in the area including shops and restaurants, the home also has several elementary and high schools within reach making it a popular area for families.

Launch Details Current Details

  • October 1, 2013Launched
  • $25Issue Price
  • 1000Brix® Issued
  • 0.1%Equity Per Brix®
  • $25,000.00Property Launch Value
  • 12515Reference No
  • 167Brix® Offered For Sale
  • $29.56Brix® Price
  • $0.74Administration Fee (2.5%)
  • $30.30Total Brix® Price
  • $29,560.00Current Property Value
  • Up 18%Value Increase

Property History

Property History

31st Dec 2016 The lease on the property has been renewed. Details of the contract and rent PCM can be found on the property page.

1st Dec 2016 The lease on the property has expired. New applicants are now actively being searched for.

18th May 2015 New comparable property sales figures for the local area have been added, view them on the property page under the Valuation tab.

12th Mar 2015 The property has now been leased. Details of the contract and rent PCM can be found on the property page.

1st Oct 2014 The lease on the property has expired. New applicants are now actively being searched for.

Feb 2014 The property is now refurbished.

Property Income¹

  • LeasedCurrent Property Status
  • 28-09-2017Lease Ends:
  • $6,000.00Gross Rental Income
  • -$600.00Agent Fee (10%)
  • -$2,406.19Total Property Running Costs²
  • $3,593.81Net Potential Income
  • 20.3%Gross Rental Yield
  • 12.16%Estimated Net Rental Yield
  •  
  • $0.30Estimated Net Income Per Brix® Per Month

¹All figures are calculated as price per annum, for the whole property, unless stated otherwise.
²Total annual running costs for the property, see panel below.

Property Running Costs³

  • $0.0329Insurance Costs
  • $0.0741Taxes
  • $0.0000Amenitites Fees
  • $0.0185OwnBrix Fee
  • $70,800Property Sum Assured
  • $0.0000Accountancy Costs
  • $0.0000Bank Charges
  • $0.0000Legal Fees
  • $0.0250Estimated Property Maintenance


³All costs are calculated as estimated price per month, per Brix®.

Property Accounts

The full property accounts for this property are only available to OwnBrix members.

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Total Purchase price of a property, includes some or all of the following additional costs and expenses incurred in completing the purchase of the property: Estate agents fees, lawyers fees, local taxes, stamp duty, valuation fees, fees for surveyor, title insurance, company formation costs, trust acc formation costs, letting and management fees, specialist advisors costs, listing cost & refurbishment costs.