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House/Villa Description
Type: 1 bedroom
Looking to invest in the USA with a cash input of only $25,400 spread across 3 months?
Looking for 12% rental yields and huge capital growth projections?
Invest in one of 19 exclusive apartments within the Heights, Downtown Houston TX
Unbelievably priced these spacious 1 bedroom 1 bathroom homes are built to last. Located in the Heights, Melrose offers Hiking, Walking, Biking and Running Trails. This project offers exceptional growth over the next 5 years and cashflow positive returns over the term.
What is the deal?
Developer has agreed to allow 10% deposit with additional 10% within 6 months
80% seller financing (which is relatively unheard of in todayâ??s market)
All units are completely redone with hard wood flooring, marble counters and upgraded cabinets.
9.2% return on rental per annum
Current market valuations coming in as high as $160,000-$165,000.
The Melrose is located on Heights Boulevard, less than 3 miles to Houstonâ??s main business district.
It is absolutely impossible to find anything downtown Houston/The Heights for under $200,000 which makes these apartments such incredible value.
Investment Analysis
Initial Purchase
Purchase Price
$127,000.00
Down payment
$25,400.00
Stage 1
$2,500.00
Stage 2 - 15 Days
$10,200.00
Stage 3 - 180 Days
$12,700.00
Loan Amount
$101,600.00
Monthly Mortgage Payment
$635.00
Taxes/Insurance/HOA
PAID BY DEVELPER 36 MO.
Monthly Outgoings
$635.00
Achievable Monthly Rent
$950.00
Monthly Net Rent to Investor
$902.00
+/- Monthly
+ $267.00
Annual Cash Flow
$3206
If you chose to leverage your purchase using the 80% mortgage option; your NET Cash on Cash return is 12.6% per annum.
Why Houston?
- Rapidly expanding population
- Houston is one of the nation's Top 10 real estate markets for the first time in more than 10 years
- Ranked sixth in the nation for real estate investment prospects ? identified as a "hot-growth market," according to the Emerging Trends in Real Estate 2009 report.
- Market strengths include the Johnson Space Center, the Texas Medical Center, the Port of Houston and trade with Mexico, the report says.
- Savvy investors will be able to cash in on the inevitable recovery* according to experts.
We have access to virtual tours, further images and detailled floorplans available on request
Please contact us for availability and pricing...
To request further details please use the Contact Us link below.
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€20,939 | £17,511 | US$27,616 (Currency and Foreign Exchange services supplied by  )
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| Type |
House / Home |
| Bedrooms |
1 |
| Category |
Re-Sale |
| Listed |
over 1 year ago |
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Price: £17,511
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