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12724  Buchanan Avenue, Memphis, Tennessee, USA

Property Description


A wonderful single family home built in 1944 this property consists of 2 bedrooms and 1 bathroom and is approximately 921 sq ft in size with a 6,540 sq ft plot of land. The property is located in the Berclair-Highland Heights neighbourhood of Memphis, the location provides easy access to major routes and is within close proximity to schools and parks. Local amenities include: Shopping centers, restaurants and supermarkets.

Launch Details Current Details

  • November 11, 2013Launched
  • $24Issue Price
  • 1000Brix® Issued
  • 0.1%Equity Per Brix®
  • $24,000.00Property Launch Value
  • 12724Reference No
  • 332Brix® Offered For Sale
  • $29.94Brix® Price
  • $0.75Administration Fee (2.5%)
  • $30.69Total Brix® Price
  • $29,940.00Current Property Value
  • Up 25%Value Increase

Property History

Property History

31st Jan 2017 The property has now been leased. Details of the contract and rent PCM can be found on the property page.

1st Dec 2016 Tenant applications are being received for the property.

3rd Oct 2016 The lease on the property has expired. New applicants are now actively being searched for.

27th Oct 2015 The property has now been leased. Details of the contract and rent PCM can be found on the property page.

7th Aug 2015 A new tenant has been found for the property. Background and credit checks are currently being conducted before the lease agreement is signed.

7th Jun 2015 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.

April 2014 Tenant found move in 1st June at a rent of $6,000 p.a

March 2014 The property is now refurbished, and we are advertising for a tenant.

Property Income¹

  • LeasedCurrent Property Status
  • 31-07-2017Lease Ends:
  • $6,000.00Gross Rental Income
  • -$600.00Agent Fee (10%)
  • -$1,762.33Total Property Running Costs²
  • $4,237.67Net Potential Income
  • 20.04%Gross Rental Yield
  • 14.15%Estimated Net Rental Yield
  •  
  • $0.35Estimated 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

  • $0.0340Insurance Costs
  • $0.0379Taxes
  • $0.0000Amenitites Fees
  • $0.0250OwnBrix Fee
  • $73,680Property 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.