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13075  Cedar Bluff Dr, Memphis, Tennessee, USA

Property Description


A cosy home presenting 4 bedrooms and 2 bathrooms providing a living area of 1,346 sq ft residing on a 6,960 sq ft plot of land. The property is located in a quiet area of Memphis making it an ideal family home granting easy access to major routes and is within close proximity to an elementary school and local park.

Launch Details Current Details

  • December 1, 2013Launched
  • $26Issue Price
  • 1000Brix® Issued
  • 0.1%Equity Per Brix®
  • $26,000.00Property Launch Value
  • 13075Reference No
  • 421Brix® Offered For Sale
  • $33.78Brix® Price
  • $0.84Administration Fee (2.5%)
  • $34.62Total Brix® Price
  • $33,780.00Current Property Value
  • Up 30%Value Increase

Property History

Property History

30th Jun 2016 The property has now been leased. Details of the contract and rent PCM can be found on the property page.

30th Oct 2015 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.

15th Dec 2014 The property has now been leased. Details of the contract and rent PCM can be found on the property page.

15th Dec 2014 A new tenant has been found for the property. Background and credit checks are currently being conducted before the lease agreement is signed.

10th Sep 2014 New comparable property sales figures for the local area have been added, view them on the property detail page.

Property Income¹

  • LeasedCurrent Property Status
  • Rolling LeaseLease Type:
  • $6,000.00Gross Rental Income
  • -$600.00Agent Fee (10%)
  • -$1,973.54Total Property Running Costs²
  • $4,026.46Net Potential Income
  • 17.76%Gross Rental Yield
  • 11.92%Estimated Net Rental Yield
  •  
  • $0.34Estimated 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

  • $0.0467Insurance Costs
  • $0.0428Taxes
  • $0.0000Amenitites Fees
  • $0.0250OwnBrix Fee
  • $107,520Property 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.