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14318  Corkwood Dr, Memphis, Tennessee, USA

Property Description

A wonderful single family home offers 3 bedrooms, 1 full bathroom and 1 partial bathroom and covers 1,140 sq ft in size and is situated on a 8,040 sq ft lot of land, located in a quaint area of Memphis with easy access to local amenities. The property is in a quaint area of Memphis, allowing easy access to major routes

Launch Details Current Details

  • April 1, 2014Launched
  • $32Issue Price
  • 1000Brix® Issued
  • 0.1%Equity Per Brix®
  • $32,000.00Property Launch Value
  • 14318Reference No
  • 131Brix® Offered For Sale
  • $39.47Brix® Price
  • $0.99Administration Fee (2.5%)
  • $40.46Total Brix® Price
  • $39,470.00Current Property Value
  • Up 23%Value Increase

Property History

Property History

3rd Aug 2015 The lease on the property has been renewed. Details of the contract and rent PCM can be found on the property page.

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.

July 2014The property is now tenanted at $7,116 pa.

June 2014The property is now refurbished and rent ready.

Property Income¹

  • LeasedCurrent Property Status
  • 30-08-2017Lease Ends:
  • $7,116.00Gross Rental Income
  • -$711.60Agent Fee (10%)
  • -$1,935.22Total Property Running Costs²
  • $5,180.78Net Potential Income
  • 18.03%Gross Rental Yield
  • 13.13%Estimated Net Rental Yield
  • $0.43Estimated 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

  • $0.0406Insurance Costs
  • $0.0364Taxes
  • $0.0000Amenitites Fees
  • $0.0250OwnBrix Fee
  • $91,200Property 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.