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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 almost 5.9 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 400,000 foreign born residents moving to the city between 2000 and 2010.
Ranked seventh in the Equity Index 2016 measuring quality of a destination, Houston is a cosmopolitan city offering a host of dining experiences; the New York Times named it “one of the most exciting places to eat”. It is home to a Theatre District second only to New York and has more than 500 cultural, visual and performing arts organisations. Its museum district comprises 19 museums in a 1.5 mile radius and the city has more parks than any other top 10 metropolitan areas in the United States.
Houston is home to 24 Fortune 500 headquarters 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 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 4.3% in the year to December 2016 with sales up 5.3% in the same period. Properties in the US$150,000 to US$250,000 price bracket saw the strongest growth in sales volume. Continued strong demand coupled with low number of new builds on the market are keeping inventory levels low, which at the end of 2016 stood at 3.3 months’ supply, considerably below the 6 months considered to be balanced.
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 5.7% year-on-year to January 2017 and townhouse/condominiums rose by 6%.
According to a press release by the Houston Association of Realtors in December 2016, the strong performance of the Houston property market is “the reflection of a truly diversified Houston economy that continues to benefit from hiring in other industries and a steady influx of consumers from markets across the country and around the world.”
2ND LARGEST CITY
Second largest in the US
Largest city in Texas
5,000 energy related companies
24 Fortune 500 companies
HIGH AVERAGE SALARIES
Average salary in Houston
Goes 8th furthest in US
RECORD LOW INVENTORY
BEST HOME MARKET
RECORD HOME SALES
Average prices up 4.3%
HOME RENTALS UP
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