Renovated, turnkey properties earning you income from day one of your investment.
All properties under this investment come with guaranteed rental income for the first 24 months and will be paid to the investor whether there is a tenant in place or not.
In addition, property taxes will be paid on the owners’ behalf for two years, an average of over US$2,000 per year, depending on the property in question. Fees payable to the property management company are also covered for the first two-years.
- Property prices from US$169,500
- Guaranteed rental income for two years
- Rental yields up to 8.97% p.a.
- Full property management
- Property taxes paid for two years
- Property management fees paid for two years
- Renovated, rent-ready properties
- 100% Freehold title
Our portfolio of freehold properties in Houston include townhouses and single family homes. A choice of different locations and size of properties is available. All homes have a fully equipped kitchen with refrigerator, oven and dishwasher. Every property has been prepared for rental, fully renovated where necessary and is in excellent condition. A pre-qualified tenant is either in place or being sourced by the property management company.
All Houston turnkey properties are located in residential areas near freeways to ensure easy access to employment opportunities in Downtown Houston and to the George Bush International Airport. The stunning beaches on the Gulf of Mexico are just one hour’s drive away.
All neighborhoods are characterised by their lower than average crime rates, tranquility and proximity to green zones and parks, making them ideal residential areas for families. Essential amenities such as schools, shopping centres, restaurants and leisure activities are also nearby.
Houston is the second largest city in the U.S. and the largest in the state of Texas. The Metropolitan Area has a population of over 6.89 million residents and is one of the fastest growing in the country. It is the most ethnically and racially diverse city in the United States with 424,000 foreign born residents (over a third of the total population growth) moving to the city between 2007 and 2017. Houston’s population is also young with an average age of 34.4 years compared to the US median of 38.1 years and it has the fifth largest millennial population in the country.
Houston metro is home to 21 Fortune 500 headquarters (44 are based in Houston region) and is considered by many as the energy capital of the world; Houston has more than 5,000 energy related companies. The Port of Houston is the tenth largest port in the world and the number one port in the United States for international waterborne tonnage handled. The Lyndon B. Johnson Space Centre is also located in Houston.
Forbes has called Houston “America’s next great global city” due to its population and economic growth that is primarily based on the energy sector and rapidly increasing international trade. In recent years, Houston has diversified its economy which has dramatically contributed to its current economic performance.
Key growth drivers include the services sector, healthcare industry and its burgeoning trade with Latin America combined with a relatively low cost and business-friendly climate. The Texas Medical Centre located in Houston is the world’s largest medical centre and home to the largest concentration of medical professionals and experts anywhere in the world. It is the largest employer in Houston.
The Houston economy has regained its strength in recent years. It created 110,200 jobs in the year to August 2018, a yearly rate of 3.7% and the strongest since January 2015. The construction industry and professional and services sector saw the biggest increases in job openings. Unemployment stood at 4.3% in August 2018.
The energy sector has also recovered. On the back of an increase of 35.6% between January and September 2018 in barrel prices for West Texas oil, Houston’s rig count rose by 12.1% in the year to September. The Business Cycle Index stood at a high 8.9% in Q2 after a long run of an average 3.2%. Houston regained its position as the top exporting city in the US in 2017 with goods and energy commodities worth US$95.7 billion leaving the city, a 13.9% increase on 2016.
Buoyant Property Market
The Houston property market over the last few years has posted record figures, specifically in the single-family home market and continues to do so. Single-family home average prices rose by 3% in the year to August 2018 with sales up 7.6% in the same period. Continued strong demand coupled with low number of new builds on the market are keeping inventory levels low, which at the end of August 2018 stood at 4.1 months’ supply, significantly below the 6 months considered to be balanced.
Busy Rental Market
Houston maintains an ever-growing market for rentals. Between 2006 and 2014, the number of rental households in the metropolitan area grew by 37%, the second highest in the US. Over a third of all rental households rent single family homes, the third most in the country. Demand for single-family homes grew by 13.9% year-on-year to August 2017. Monthly rental rates grew by 3.4% in the year to reach a median of US$1,926.