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14619  Bullington Avenue, Memphis, Tennessee, USA

Property Description


A wonderful home offering 2 bedrooms and 1 bathroom, occupying 942 sq ft in size and resides on 3,850 sq ft plot of land. The property is located in Midtown Memphis close to local attractions such as the Memphis Zoo and the Brooks Museum of Art. This is an ideal family home providing easy access to major routes, schools, Rhodes college and parks and offers an array of local amenities including: Shopping centers, restaurants and supermarkets

Launch Details Current Details

  • April 25, 2014Launched
  • $25Issue Price
  • 1000Brix® Issued
  • 0.1%Equity Per Brix®
  • $25,000.00Property Launch Value
  • 14619Reference No
  • 258Brix® Offered For Sale
  • $28.73Brix® Price
  • $0.72Administration Fee (2.5%)
  • $29.45Total Brix® Price
  • $28,730.00Current Property Value
  • Up 15%Value Increase

Property History

Property History

1st Mar 2017 The property has now been leased. Details of the contract and rent PCM can be found on the property page.

31st Dec 2016 Tenant applications are being received for the property.

30th Sep 2016 The lease on the property has expired. New applicants are now actively being searched for.

17th Dec 2014 New comparable property sales figures for the local area have been added, view them on the property page under the Valuation tab.

17th Sep 2014 The lease on the property has been renewed. Details of the contract and rent PCM can be found on the property detail page.

Property Income¹

  • LeasedCurrent Property Status
  • 31-07-2018Lease Ends:
  • $5,100.00Gross Rental Income
  • -$510.00Agent Fee (10%)
  • -$1,634.56Total Property Running Costs²
  • $3,465.44Net Potential Income
  • 17.75%Gross Rental Yield
  • 12.06%Estimated Net Rental Yield
  •  
  • $0.29Estimated 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

  • $0.0341Insurance Costs
  • $0.0346Taxes
  • $0.0000Amenitites Fees
  • $0.0250OwnBrix Fee
  • $73,920Property 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.