10 Turnkey, Professionally Managed HCV-Leased SFR Homes
Turnkey 1031 Replacement Properties — Tenant-In-Place, Fully Managed, Government-Backed. SFR
Marketing description
Government-Backed Income Portfolio — 10 Turnkey HCV-Leased SFR Homes in DFW & Houston
Catapult Realty Partners presents an exclusive offering of 10 turnkey, professionally managed single-family rental homes across the Dallas-Fort Worth and Houston metros — two of the fastest-growing housing markets in the country. Every home is currently tenant-occupied under an active Housing Choice Voucher (HCV) lease, with rent paid directly by HUD via HAP contract. There is no lease-up period and no vacancy gap at closing — income begins day one.
Built between 1992 and 2009 in established, mature neighborhoods, the portfolio generates $362,292 in combined annual gross rent and $227,684 in annual NOI, reflecting a blended 6.83% in-place cap rate before financing. Homes are available individually — priced from $258,300 to $492,300 — or as a complete $3,332,200 package, with no minimum purchase required.
The portfolio is professionally managed by HON Partners, the largest pure-play HCV property manager in Texas, overseeing homes exclusively within the Housing Choice Voucher program. New owners step into a fully turnkey asset with zero landlord responsibilities from day one — leasing, maintenance, and PHA relationships are handled in-house.
With government-backed rental income, long average tenancy (8-10 years for HCV renters), and exposure to two of Texas's strongest home price appreciation markets, this portfolio is an ideal fit for 1031 exchange buyers, passive income investors, and anyone seeking recession-resistant cash flow backed by HUD.
Investment highlights
Built for the 1031 Exchange
- Tenant-in-place from day one — zero gap between sale of relinquished property and replacement income
- Most closings in 30–45 days, comfortably inside the 180-day exchange deadline
- Priced $258K–$492K per home, individually purchasable to match almost any exchange amount
- Catapult coordinates directly with your QI/exchange rep to hit the 45-day ID and 180-day close windows
- HAP contracts transfer with title — income continues uninterrupted under new ownership
Management Already In Place
- Fully managed today by HON Partners — no transition period, no manager search required
- In-house leasing, maintenance, and direct PHA relationships built specifically for the HCV program
- New owner has zero landlord responsibilities from close — truly passive from day one
- HON Partners is the largest pure-play HCV operator in Texas, managing exclusively within High Opportunity Neighborhoods
The Income & Market Fundamentals
- Rent paid directly by HUD via HAP contract — government-backed, not tenant-dependent
- 6.83% blended in-place cap rate before financing; $227,684 annual NOI
- HCV tenants average 8–10 years at one address, minimizing turnover risk
- 8 homes in DFW, 2 in Houston/Cypress — two of the fastest-appreciating major metros in the U.S.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
