The Onyx
- 4200
- 67358
- 4
- $325,000.00
BED: 5 BATH: 3.5 SQ FT: 2,589 YEAR BUILT: 2001
The Onyx is a beautiful 5 bedroom, 2.5 bathroom home in Memphis, TN. The home features modern upgrades from the gorgeous kitchen to the spacious primary suite. A fireplace in the living room offers the utmost comfort. This home is equipped with a two-car garage.
Memphis, TN
Memphis is a hub for various industries, including healthcare, logistics, transportation, and manufacturing. Major companies such as FedEx, International Paper, AutoZone, and St. Jude Children's Research Hospital have a significant presence in the city, providing plenty of job opportunities. Known for its relatively low cost of living, including affordable rental prices, renters can often find more spacious accommodations at a lower cost compared to other major cities in the United States. A city rich with history, Memphis offers a diverse range of cultural experiences that include museums, art galleries, and theaters. The city offers several parks, including Shelby Farms Park, one of the largest urban parks in the United States. Residents can enjoy activities such as biking, hiking, picnicking, and even paddleboarding on the Mississippi River. There is no shortage of entertainment as this city is home to iconic music landmarks like Beale Street, Sun Studio, and Graceland (Elvis Presley's former home). This vibrant music scene and cultural diversity make Memphis an attractive place for music lovers and those seeking a lively entertainment scene.
The Market
Real estate values and returns are highly dependent on location. In general, properties in more affordable markets will have higher cash flow (potential dividends), and properties in more expensive markets will have higher appreciation. Vantage Horizon strives to give investors options to choose how much they invest in appreciation markets, cash flow markets, or balanced markets.
The economy of the local city and market will dictate the potential returns of an investment. In general, some markets see high appreciation of home values, some have higher cash flow (dividends), and some have a mix of the two.
Offering Details
The Offering Details provide a breakdown of the financials for a specific property offering. The Offering Details show the operating plan for the property, including how the Raise Amount proceeds will be used. For transparency, we also like to share a breakdown of the Vantage Horizon fees. And if you're interested in more information, we also link to other resource documents that go into more depth around each offering.
Property Purchase Price
US$325,000
Property Improvements & Cash Reserves
US$25,480
Closing Costs, Offering Costs & Holding Costs
US$23,057
Vantage Horizon Sourcing Fee (One-time)
US$11,370
Monthly Rent
US$4,200 Monthly Rental Revenue Distribution (RRD) 25% Company Invested: 30% Available Shares: 0
Total Property Amount
US$384,907