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15140  Chisca Avenue, Memphis, Tennessee, USA

Property Description

An attractive single family home providing 2 bedrooms and 1 bathroom. The property is 1,152sq ft in size and resides on a 8,000sq ft plot of land. The property is located in East Memphis neighbourhood within close proximity to local attractions such as: The Memphis Country Club and  The Liberty Bowl Memorial Stadium. The property provides 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

  • June 14, 2014Launched
  • $24Issue Price
  • 2000Brix® Issued
  • 0.05%Equity Per Brix®
  • $48,000.00Property Launch Value
  • 15140Reference No
  • 297Brix® Offered For Sale
  • $27.37Brix® Price
  • $0.68Administration Fee (2.5%)
  • $28.05Total Brix® Price
  • $54,740.00Current Property Value
  • Up 14%Value Increase

Property History

Property History

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

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

27th May 2016 The lease on the property has expired. New applicants are now actively being searched for.

8th Jul 2015 The property has now been leased. 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.

Property Income¹

  • LeasedCurrent Property Status
  • 01-11-2017Lease Ends:
  • $7,140.00Gross Rental Income
  • -$714.00Agent Fee (10%)
  • -$2,275.94Total Property Running Costs²
  • $4,864.06Net Potential Income
  • 13.04%Gross Rental Yield
  • 8.89%Estimated Net Rental Yield
  • $0.20Estimated 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

  • $0.0205Insurance Costs
  • $0.0275Taxes
  • $0.0000Amenitites Fees
  • $0.0171OwnBrix Fee
  • $92,160Property 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.