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17522  Boone Street, Memphis, Tennessee, USA

Property Description

An ideal family 3 bedroom, 1 bathroom single family home with an area of 975sq ft, residing on a 9873sq ft plot of land. The property is located in the Shelby Forest - Frayser neighbourhood of Memphis. The property provides easy access to major routes and is within close proximity to schools and parks. Local amenities include: Shopping centers, restaurants and supermarkets

Launch Details Current Details

  • January 29, 2015Launched
  • $15Issue Price
  • 2000Brix® Issued
  • 0.05%Equity Per Brix®
  • $30,000.00Property Launch Value
  • 17522Reference No
  • 148Brix® Offered For Sale
  • $16.48Brix® Price
  • $0.41Administration Fee (2.5%)
  • $16.89Total Brix® Price
  • $32,960.00Current Property Value
  • Up 10%Value Increase

Property History

Property History

2nd 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.

We have today received the rent arrears for this property and will be updating the accounts

Property Income¹

  • LeasedCurrent Property Status
  • 31-08-2017Lease Ends:
  • $6,200.00Gross Rental Income
  • -$620.00Agent Fee (10%)
  • -$2,054.29Total Property Running Costs²
  • $4,145.71Net Potential Income
  • 18.81%Gross Rental Yield
  • 12.58%Estimated Net Rental Yield
  • $0.17Estimated 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

  • $0.0178Insurance Costs
  • $0.0295Taxes
  • $0.0000Amenitites Fees
  • $0.0125OwnBrix Fee
  • $78,000Property 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.