Overview

Asset class Real Estate
Property type Residential
Current value $46,500,000
Acquisition price $45,700,000
Total appreciation $800,000
Rental yield 15.5%
Occupancy rate 75.2%
Fund
FNTVS Balanced Fund
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Performance

+1.8% Total Appreciation
$800,000 Appreciation Value
$7,200,000 Annual Rental Income
15.5% Rental Yield
Property Value Performance
Acquisition: $45,700,000
Current: $46,500,000
Total Appreciation: +1.8%
Holding Period: 46 months

Financial Details

Investment Overview
Acquisition price $45,700,000
Current market value $46,500,000
Total appreciation $800,000
Appreciation percentage +1.8%
Cash Flow Analysis
Annual rental income $7,200,000
Operating expenses $1,320,000
Net operating income $5,880,000
Net cash flow $5,880,000
Rental yield 15.48%
Cap rate 12.6%
Cash-on-cash return 12.87%
Risk Metrics
Debt-to-value ratio 0.0%
Occupancy rate 75.2%
Holding period 46 months
Return Breakdown
Rental income yield 15.5%
Appreciation contribution 1.8%
Cash yield 7.2%
Total return 17.2%

Property Information

Basic Information
Property type Residential
Property class Affordable
Location Palm Bay, FL
Acquisition date Apr 8, 2022
Status Active
Income producing Yes
Physical Characteristics
Total square footage 295,000 sq ft
Rentable square footage 290,000 sq ft
Number of units 350
Number of floors 3
Year built 2022
Price per sq ft $157.63
Investment Strategy
Strategy type Value Add
Projected exit date Jul 2032
Fund ownership 100.0%
Key Metrics
Cap rate 12.6%
Cash flow $5,880,000
Debt-to-value 0.0%
Units 350
Square footage 295,000 sq ft
Rent per sq ft $24.83/yr
Investment Thesis

Great location: Located along the Atlantic coast of Florida just an hour drive from Orlando, Palm Bay’s MSA population grew by 10.8% between 2010 and 2019, significantly more than the national MSA average of 7.5%. Part of the Space Coast — a stretch of Florida surrounding the Kennedy Space Center — Palm Bay’s economy is anchored by the national aerospace and defense industries, and the city has been recognized as a hub for excellent job, wage, and high-tech growth. Social distancing-friendly: We believe the privacy provided by the community’s fully detached and individual homes will be particularly attractive to renters seeking an additional level of social distancing, or who simply need more living space as norms around work and school shift. High-quality asset: The property was acquired directly from a nationally recognized homebuilder who wrapped up construction in early 2022. The community consists of brand new construction with high-quality amenities, presenting no need for renovations or updates in the near future.

Location

205 Valor Dr SE

Palm Bay, FL 32909, US

Full Address

205 Valor Dr SE
Palm Bay, FL 32909

Property Type

Residential - Affordable

Year Built

2022

Property Size

295,000 sq ft

Amenities & Features

Property Amenities

Prime location near attractions, transit, or business hubs
Layout that accommodates multiple guests comfortably
Desirable amenities that enhance guest experience (e.g., parking, Wi-Fi, outdoor space)

Key Investment Features

Spacious, light-filled living areas with multiple bedrooms
Modern kitchen and outdoor space ideal for entertaining

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 Balanced Fund

Open Real Estate Fund

A diversified real estate portfolio combining income generation with growth opportunities.