Woodlands Mansfield - Phase 3 - From $230,000

Entrance to the sought-after Woodlands subdivision in Mansfield, Texas

We only have a limited number of "investor-ready" town-homes left on this sought-after development. They are all duplexes (semi-detached houses joined on a single plot) 1200sq ft properties. They comprise 3-bedrooms, with 2 bathrooms, high spec fittings, and each has a double garage. Also included is a landscape package that includes privacy fencing, grassed lawns, and a sprinkler system fitted in the front garden.

Foreign Investors

The recent crash in the US sub-prime lending market has had an adverse affect on US mortgage options for non-US property investors. in general, LTV's have been reduced, and rates increased on mortgages for foreign nationals, however, we have been able to secure special mortgage deals for international investors buying into these developments.

US Mortgage Options

The Numbers: Woodlands, Mansfield 75% LTV Mortgage @ 7.25% 70% LTV Mortgage @ 5.50%
Purchase Price $ 230,000 $ 230,000
Valued at 27-8-07 $ 248,000 ($18k Equity!) $ 248,000 ($18k Equity!)
International Mortgage $ 172,500 $ 161,000
Deposit $ 57,500 $ 69,000
MONTHLY INCOME
Monthly Rental Income (1) $ 1,160 $ 1,160
Monthly Rental Income (2) $ 1,160 $ 1,160
Total per annum $ 27,840 $ 27,840
EXPENSES
Annual Mortgage $ 12,516 $ 8,856
Management Charge @ 7% (= per year) $ 2,112 $ 2,112
HOA Charge (Community Area Upkeep) @ $300 per side $ 600 $ 600
Community Tax @ $3,450 per side $ 6,900 $ 6,900
Total Expense $ 22,128 $ 18,468
TOTALS
Income $ 27,840 $ 27,840
Minus Expenses $ 22,128 $ 18,468
Nett Gain (per annum) $ 5,712 $ 9,372

Highlights

The international buyer, certainly those from the UK, will be most likely to win on several counts:

  • US rate mortgages
  • Natural rises in property value over time
  • Annual rental income exceeding expense
  • Currency fluctuation!

    • Funding Your Deposit

    UK citizens with equity in their UK properties often fund the initial outlay from equity in their property here in the UK. Our in-house fully CeMAP accredited mortgage company - tal residential - can give you advice and guidance as to whether this is an option for you too.

    As a further benefit, we have arranged a deal with tal residential to arrange your UK remortgage without charging a broker fee. This arrangement is only valid for visitors to this website. For further information call tal residential on 0845 643 0270 (UK local call rates) stating the source of your enquiry.

    Important Details

  • Mortgage offers are subject to status.
  • Rental estimates look good, with local agents assessing rents at between $1150 to $1200 per month per side from new, and predicting rent rising in the short/medium term. UKPS cannot offer any guarantees as to occupancy rates or rental values. Analyst data is available on request.
  • Properties in this area are considered to be selling at below the national average, and analysts forecast that prices in this town will see a growth of around 50% by 2016.
  • Higher LTV's may be available to US Nationals

    • Please call us on 0845 643 0260 to request further information.