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12623  Kingsley Ave, Memphis, Tennessee, USA

Property Description


A delightful 1500sq ft single family home built in 1962 and sitting on a 8400sq ft plot of land. The property offers 3 bedrooms, 2 bathrooms and is located in the established Shelby Forest-Frayser neighbourhood of Memphis benefiting from numerous amenities including shops and restaurants. The home is also within reach of shopping centres including the Georgian Hill Shopping Centre and the Frayser Village Shopping Centre, there are several school in the area and the house is just down the road from the local bus route making for convenient travel around the city.

Launch Details Current Details

  • October 23, 2013Launched
  • $45Issue Price
  • 1000Brix® Issued
  • 0.1%Equity Per Brix®
  • $45,000.00Property Launch Value
  • 12623Reference No
  • 473Brix® Offered For Sale
  • $52.46Brix® Price
  • $1.31Administration Fee (2.5%)
  • $53.77Total Brix® Price
  • $52,460.00Current Property Value
  • Up 17%Value Increase

Property History

Property History

19th May 2016 The lease on the property has been renewed. Details of the contract and rent PCM can be found on the property page.

19th 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 lease on the property has been renewed. Details of the contract and rent PCM can be found on the property page.

24th Sep 2014 New comparable property sales figures for the local area have been added, view them on the property page under the Valuation tab.

Property Income¹

  • LeasedCurrent Property Status
  • 28-02-2018Lease Ends:
  • $8,820.00Gross Rental Income
  • -$882.00Agent Fee (10%)
  • -$2,577.31Total Property Running Costs²
  • $6,242.69Net Potential Income
  • 16.81%Gross Rental Yield
  • 11.9%Estimated Net Rental Yield
  •  
  • $0.52Estimated 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

  • $0.0518Insurance Costs
  • $0.0567Taxes
  • $0.0000Amenitites Fees
  • $0.0328OwnBrix Fee
  • $121,280Property Sum Assured
  • $0.0000Accountancy Costs
  • $0.0000Bank Charges
  • $0.0000Legal Fees


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.