Overview

Asset class Real Estate
Property type Residential
Current value $42,700,000
Acquisition price $11,500,000
Total appreciation $31,200,000
Rental yield 8.4%
Occupancy rate 95.0%
Fund
FNTVS Income eREIT
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Performance

+271.3% Total Appreciation
$31,200,000 Appreciation Value
$3,600,000 Annual Rental Income
8.4% Rental Yield
Property Value Performance
Acquisition: $11,500,000
Current: $42,700,000
Total Appreciation: +271.3%
Holding Period: 51 months

Financial Details

Investment Overview
Acquisition price $11,500,000
Current market value $42,700,000
Total appreciation $31,200,000
Appreciation percentage +271.3%
Cash Flow Analysis
Annual rental income $3,600,000
Operating expenses $1,200,000
Net operating income $2,300,000
Net cash flow $2,400,000
Rental yield 8.43%
Cap rate 5.4%
Cash-on-cash return 20.00%
Risk Metrics
Debt-to-value ratio 0.0%
Occupancy rate 95.0%
Holding period 51 months
Return Breakdown
Rental income yield 8.4%
Appreciation contribution 271.3%
Cash yield 0.0%
Total return 279.7%

Property Information

Basic Information
Property type Residential
Property class Affordable
Location Houston, TX
Acquisition date Jan 11, 2022
Status Active
Income producing Yes
Physical Characteristics
Total square footage 173,000 sq ft
Rentable square footage 173,000 sq ft
Number of units 97
Number of floors 3
Year built 2024
Price per sq ft $246.82
Investment Strategy
Strategy type Buy Hold
Projected exit date Jan 2032
Fund ownership 100.0%
Key Metrics
Cap rate 5.4%
Cash flow $2,400,000
Debt-to-value 0.0%
Units 97
Square footage 173,000 sq ft
Rent per sq ft $20.81/yr
Investment Thesis

• Sunbelt migration tailwind: Houston population growth and affordability drive rental demand  • Shift to renting houses: Rising home prices push renters toward single-family rentals • Build-for-rent institutionalization: Operates like multifamily but with higher tenant demand • Remote work trend: Increased demand for larger living spaces outside expensive cities  • Dual return profile: Rental income + long-term appreciation • Exit strategy: Stabilize → refinance → sell to institutional buyer (REIT / PE fund)

Location

2718 Katri Way

Houston, TX 77008, US

Full Address

2718 Katri Way
Houston, TX 77008

Property Type

Residential - Affordable

Year Built

2024

Property Size

173,000 sq ft

Amenities & Features

Property Amenities

Private detached single-family homes
Professional property management (institutional SFR operator)
Modern new-construction layouts

Key Investment Features

Ground-up development (value creation from land)
Phased construction (capital efficiency strategy)
Institutional-quality build-for-rent community
Located in high-growth Houston metro (Sunbelt thesis)

Our strategy

Real Estate Investment Strategy

Build a diversified portfolio of institutional-quality real estate assets that generate stable income and long-term appreciation

  • Expected variability of return: Low to Moderate
  • Timing of expected return: Quarterly distributions from rental income
  • Primary expected source of returns: Rental income and property appreciation
  • Asset focus: Income-generating properties in growing markets
  • Geographic strategy: Diversified across major metropolitan markets
  • Property management: Professional third-party management with institutional oversight
More about our real estate strategy

This section is intended to provide a general overview of the investment strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.

Real estate strategy icon

Fund information

FNTVS Income eREIT

Open Real Estate Fund

The Income eREIT is designed to generate current income by acquiring and managing income-producing real estate.