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13369  LAROSE AVE, Memphis, Tennessee, USA

Property Description

A well positioned 2 bedroom 1 bathroom single family home with a living space of 979 sq ft on a lot size of 16,988 sq ft. The property is located in East Memphis-Colonial Yorkshire within close proximity to local attractions such as: The Memphis Country Club and The Liberty Bowl Memorial Stadium. The property is an ideal family home providing easy access to major routes, schools, University of Memphis and offers an array of local amenities including: Shopping centers, restaurants and supermarkets.

Launch Details Current Details

  • January 12, 2014Launched
  • $35Issue Price
  • 1000Brix® Issued
  • 0.1%Equity Per Brix®
  • $35,000.00Property Launch Value
  • 13369Reference No
  • 82Brix® Offered For Sale
  • $42.61Brix® Price
  • $1.07Administration Fee (2.5%)
  • $43.68Total Brix® Price
  • $42,610.00Current Property Value
  • Up 22%Value Increase

Property History

Property History

11th Apr 2017 The lease on the property has expired. New applicants are now actively being searched for.

31st Oct 2016 The property has now been leased. Details of the contract and rent PCM can be found on the property page.

7th Aug 2015 Tenant applications are being received for the property.

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.

1st Oct 2014 The current tenant has been evicted from the property. New applicants are now actively being searched for.

Feb 2014 The property is now refurbished and rented.

Property Income¹

  • LeasedCurrent Property Status
  • Rolling LeaseLease Type:
  • $6,000.00Gross Rental Income
  • -$600.00Agent Fee (10%)
  • -$2,020.35Total Property Running Costs²
  • $3,979.66Net Potential Income
  • 14.08%Gross Rental Yield
  • 9.34%Estimated Net Rental Yield
  • $0.33Estimated 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

  • $0.0357Insurance Costs
  • $0.0560Taxes
  • $0.0000Amenitites Fees
  • $0.0266OwnBrix Fee
  • $78,320Property 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.