South African Investor Buys a Cash Flow Positive Rental Property in Ohio
Loan Details
Amount: $105,000
Down payment: $35,000
Interest Rate: 7.25%
Term: 30 Years
Monthly Mortgage: $914
Property Details
Value: $140,000
Monthly Rent: $2,656
Rental Yield: 22.77%
Location:
1863 E 30th St, Lorain, OH 44055
At HomeAbroad, we believe that building wealth through US real estate is possible for anyone, not just the super-wealthy. One of our clients, Sarah Williams, proved exactly that. With determination and support, she turned her dream of owning a cash-flowing investment property into reality, purchasing a Section 8 single-family rental in Lorain, Ohio—all without needing a massive budget.
Meet the Hero of this Success Story
- Sarah Williams (name changed for privacy)
- Country: South Africa
- Investment Goals: A cash-flow-positive rental property on a budget.
Her Goal
For Sarah, investing in US real estate wasn’t about luxury or extravagance—it was about gaining a foothold in one of the world’s strongest economies and securing an asset in one of the safest investments available.
With a clear goal in mind, she searched for a property that wouldn’t just be affordable but could also generate meaningful cash flow.
Challenges She Faced
Initially, Sarah wasn’t even aware that purchasing property in the US as a foreign investor was possible. It was only after discovering HomeAbroad’s resources that she realized her dream could become a reality.
Once she knew it was feasible, Sarah then faced the challenge of finding a property that fit her modest budget while still meeting her investment goals.
Many properties she came across were either priced too high or didn’t generate the rental income needed to make the investment worthwhile.
Finding a Partner in HomeAbroad
Just when Sarah needed it most, she discovered HomeAbroad. Our team quickly recognized her potential and the unique challenges she faced.
Sarah wasn’t initially aware of the full range of services we offer, from tailored global investor mortgage solutions and expert real estate agents to LLC setup, US bank account opening, and property management—all under one roof.
She was relieved to know that with HomeAbroad’s expertise and concierge service, she would have the support she needed every step of the way, making the entire process seamless and manageable.
How We Helped Sarah
To help Sarah find the perfect property, we utilized our AI-powered property search platform, offering her access to a curated selection of homes that matched her specific criteria.
Throughout the process, our Senior Customer Loan Manager, Rachel Spaccarotelli, was there to guide her every step of the way, offering personalized support and expert advice.
We also conducted a thorough investment analysis of the property Sarah selected to ensure it was a profitable investment.
Our analysis revealed that Sarah’s investment was projected to generate an estimated return of 147% on her cash invested over the next two years, which solidified her decision to move forward with the property.
In addition to our property search and investment analysis, we assisted Sarah in setting up an LLC for her property purchase, ensuring a smooth legal and tax structure for her investment. We also helped her open a US bank account, which was necessary to have closing costs in a US account10 days before closing.
To ensure a seamless management experience from Africa, we connected Sarah with our trusted property management service, allowing her to manage the property remotely with ease.
With all of these resources and support, Sarah successfully purchased a Section 8 property that perfectly aligned with both her budget and investment goals, setting her up for long-term success in US real estate.
Investment Analysis
The investment was everything she’d hoped for, surpassing her goals and delivering a stable income stream. Her Section 8 property, with a gross rental yield over 22%, became not just a real estate asset but a beacon of financial independence.
Rachel Spaccarotelli, who worked with Sarah from start to finish, says:
Sarah herself shared her excitement:
HomeAbroad: One-Stop-Shop for Global Investors
Sarah’s journey from uncertainty to success is a perfect example of how HomeAbroad helps international investors make their real estate dreams come true. By leveraging our tailored services, from property search to financing and property management, Sarah was able to invest in a Section 8 property that not only fits her budget but also promises strong returns.
At HomeAbroad, we believe that foreign investors don’t need millions to succeed in US real estate. With the right support and resources, anyone can unlock the potential of the US market.
Are you ready to start your own investment journey? Let HomeAbroad guide you every step of the way—contact us today to begin!