*Please note that exit or resale of property depends on market conditions.
Unit/apartment features
Finishingturn-key, unfurnished
FurnishingUnfurnished
BathroomsFully fitted bathroom
Flooring in rooms Tiled flooring, Wall-to-wall carpet
HeatingAir-conditioners / Electrical heating system
Air-conditioningAir-conditioning system
WindowsUPVC window frames
Capital appreciation (p.a.)
Expected price increase of the property* 3-5% p/a (estimated)
*Quote is based on historic facts, market analysis and monitoring of local trends on the market. *Resale price is fully depending on market conditions. Resale price is not guaranteed.
Nearby restaurants, groceries, parks, schools, entertainment facilities
Kitchen and bathroom amenities
Available finance: 50 - 60% LTV
These high quality new houses are located in Greenville, 50 miles from Dallas, USA.
There are 250 total lots in the community. Lot sizes are around 5,000 sq.ft.
Houses feature 3, 4, and 5 bedrooms. Sizes of houses range from 1 670 sq.ft to 1 730 sq.ft.
The houses are turned-key ready, unfurnished with fitted kitchen and bathroom.
Kitchen amenities: Stainless appliances including dishwasher; electric range, and microhood; 36 inch cabinets; Granite (2cm) countertops with stainless steel sink; Brushed Nickel single lever faucet; Ceramic tile flooring in kitchen, breakfast nook, pantry and laundry; Ice maker connection.
Bathroom amenities: Brushed Nickel plumbing fixtures – whole house; Garden acrylic tub with tub skirt in master bath; Separate shower in master bath with tiles surround; Ceramic tile flooring in baths; Tub with tile surround in half bath(s); Marble bath vanity tops; Copper electrical wiring with gfi protection in wet areas.
About Greenville
Greenville is a medium-sized city located in the state of Texas. With a population of 26,180 people and seven constituent neighborhoods, Greenville is the 109th largest community in Texas.
Greenville is a city of sales and office workers, professionals and service providers. There are especially a lot of people living in Greenville who work in sales jobs (11.34%), office and administrative support (10.99%) and teaching (6.37%).
Greenville has more people living here who work in computers and math than 95% of the places in the US.
Compared to the rest of the country, citizens of Greenville spend much less time in their cars: on average, their commute to work is only 18.86 minutes. This also means that noise and pollution levels in the city are less than they would otherwise be.
The percentage of adults in Greenville with college degrees is slightly lower than the national average of 21.84% for all communities. 15.98% of adults in Greenville have a bachelor's degree or advanced degree.
The per capita income in Greenville in 2010 was $19,218, which is lower middle income relative to Texas and the nation. This equates to an annual income of $76,872 for a family of four. However, Greenville contains both very wealthy and poor people as well.
Greenville is an extremely ethnically-diverse city. The people who call Greenville home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Greenville residents report their race to be White, followed by Black or African-American. Greenville also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 23.08% of the city’s residents. Important ancestries of people in Greenville include German, Irish and English.
The most common language spoken in Greenville is English. Some people also speak Spanish.
Location (exact)
This is the exact location of the property development.
Gallery
Check the images of the property. If you would like to view them in higher resolution, please click on any image.
Ten Year Limited Home Warranty by StrucSure Home Warranty
Insulated fiberglass exterior doors with deadbolts
Water and weather resistant insulated exterior sheathing
Energy efficiency amenities:
15 seer air conditioner and heat pump with 10-year compressor warranty
Radiant barrier decking which reduces heat flow from the attic
Programmable thermostat
Dual pane Low E insulated glass vinyl windows
Thermoply exterior sheathing
Weather stripping to minimize air infiltration
PolyFoam sealant at base plates, doors, windows and top plate to reduce air infiltration
R-13 wall, R-19 sloped ceilings, R-38 blown insulation in flat ceiling areas
R-6 Insulated wrapped air and heat ducts
FAQ
When will the building(s) be completed?
Construction is typically completed within 5 months after the project is started. The initial phase of getting the necessary permits may take up to 1 month resulting in a 6 month process from contracts to closing.
Is there an assured rent?
The program is set that rent is assured for 36 months from the date of the closing.
Is there a build warranty?
10 year builder warranty is provided on each property.
What is the ground rent?
None, the properties are freehold.
How much is the management fee?
Management fee ranges from 6-8% of the gross monthly rent.
I’m not familiar with HOA, what is that and how much would I need to pay?
Home Owners Association (HOA) covers community’s amenities and pays for maintaining community common areas. This is very popular in the US and allows for a better family focused community with extra amenities helping attract the best tenants.
Can I manage the property myself?
You can manage the property yourself, however if you choose to manage the property the rent assurance is voided. We do not recommend trying to self-manage your investment when living outside the country as this is the most important part to ensuring an on-going, prosperous return.
Can I rent it to anyone and can I live there myself?
The tenant screening process is extremely important in making sure that a qualified tenant is placed in the property. The property management company has a designated leasing department that handles all leasing as well as lease renewals on your property. You may live in the property if you choose but, you will need to receive a green card or visa if you do not have US citizenship. Additionally, the rent assurance agreement will be voided if you decide to live in the home.
Do I need insurance, and how much is that?
Yes, the property will need to be insured for natural disasters, fires, etc. The amount varies based on the location of your property.
Is there finance available, and how would I get that?
Yes, there is an option for financing on the properties. You are able to achieve 50-60% leverage on your investment as long as you meet the personal requirements from lender.
Are there any limitations for overseas investors looking to purchase?
The US does not impose limitations on foreign investors purchasing real estate.
Can I sell my unit at any time?
Yes, you are able to sell your property at any time.
Exterior & Interior
Interior amenities
All bedrooms braced and boxed for ceiling fans
Ceramic tile entry
Wall-wall carpet with 3/8 inch 6 ½ lb. with moisture barrier pad in designated areas
Rounded corners whole house, not including windows
50 Gallon electric water heater
Interior paint (1 color)
Semi-gloss enamel on doors, woodwork, and trim
Nickel lighting package – whole house
Ceiling fan with decorative light fixture in family room and master bedroom
Raised 2-panel Roman Arch doors throughout
Exterior amenities
Brick exterior (per plan)
Cast Stone address block
Divided light windows on front of home
Sodded front and back yard with landscaping package
6 ft. spruce wood fence
3-tab shingles
Partial gutters with downspouts
AC condenser bolted on a concrete pad
Payment plan
25% Reservation Deposit
75% upon the completion of the property - approximately in 6 months
Completion date/time:
Construction will start once buyer signs purchase agreement and submits required deposit.
Current estate times for construction are between 4 and 6 months.
Annual rental return:
Rent is protected between $1,425 and $1,450 depending on unit.
Projected rental return is 7% after deducting projected taxes, management fee, HOA, and insurance fees.
Capital appreciation:
Latest quarter Greenville appreciated 3.57% which would equate to a 15.08% annual rate.
Last 12 months Greenville’s total appreciation increased 11.98% and 22.96% over the last two years. Market will appreciate somewhere between 3% and 6% annually which would be in line with the last 5 and 10 year annual rate of returns.
Costs & fees
Estimated closing costs & loan origination fees example.
All closing/legal costs along with loan origination fees from the lender can add up to 4-5% of the purchase price, please be aware of these additional costs.
Estimated expenses based on a $200,000 purchase price
Loan origination fee $2,750
Closing fees $2,000
Attorney fees $1,200
Recording fees $250
Recording handling fees $150
Appraisal fee $495
Credit report & wire fee $100
Escrow agent fee $100 (paid at deposit)
LLC formation $600 (paid at deposit)
US bank account set up $600 (paid at deposit)
What’s nearby
A lot of restaurants, groceries, parks, schools, entertainment facilities are located nearby the houses.
Restaurants
Jungle Burger (0.6 Miles)
Bel Aire Sports Grill (0.7 Miles)
TaMolly’s of Greenville (0.7 Miles)
Taco Casa (0.8 Miles)
Chili’s Grill & Bar (0.8 Miles)
La Familia restaurant (0.8 Miles)
Grandy’s (0.8 Miles)
Rancho Viejo Mexican Grill (0.8 Miles)
Groceries
Aldi (0.9 Miles)
Brookshire’s of Greenville (0.9 Miles)
Walmart Supercenter (1.1 Miles)
Super 1 Food of Greenville (1.3 Miles)
Parks
MHW Park (0.9 Miles)
W C Cotton Stadium (1.6 Miles)
Phillips Field (1.9 Miles)
Carver Park (3.1 Miles)
Jones Park (3.2 Miles)
Betts Park (3.4 Miles)
Graham Park (3.5 Miles)
Schools
Mineral Heights Christian Academy (1.1 Miles)
Greenville Christian School (1.3 Miles)
The Phoenix Charter School (1.4 Miles)
Ecole Irvine Elementary (2.3 Miles)
Bowie Elementary School (2.4 Miles)
Greenville High School (2.4 Miles)
Greenville Middle School (2.4 Miles)
Texas A&M University Commerce (18 Miles)
Retail
Crosswoods Mall (1.9 Miles)
Monica’s Fashions (.7 Miles)
M Jaded Boutique & More (0.8 Miles)
The Book Nook (0.8 Miles)
Belk (1 Miles)
Entertainment
Majestic 12 Theatre (0.4 Miles)
Mendoza Trail Museum (2.4 Miles)
Texan Theater (2.4 Miles)
Other
The Home Depot (0.8 Miles)
Bank of America (0.8 Miles)
Brookshire’s Pharmacy (0.9 Miles)
Sears Hometown Store (1.2 Miles)
CVS Pharmacy (1.2 Miles)
Lowe’s Home Improvement (1.2 Miles)
Contacts
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The marker on the map is indicating the exact location of the development.