Ownify Home Fund Colorado
A co-investment thesis for Colorado housing. Proven.
The Ownify Home Fund co-invests in single-family starter homes alongside qualified first-time homebuyers in Colorado's Front Range — targeting institutional-grade returns with measurable social impact.
*Targeted returns are forward-looking projections and are not guaranteed. See disclaimer below.
Our Conviction
The best real estate investments solve real problems
Colorado is the 6th least affordable state in America. The price-to-income ratio has exceeded 7x. Over 106,000 housing units are missing. An entire generation of teachers, nurses, and first responders cannot afford to live where they work.
The Ownify Home Fund Colorado was built on a simple thesis: you can target market-rate returns to investors because you're solving the affordability problem, not despite it. When a homebuyer co-invests alongside the fund, they treat the property like an owner — not a tenant. Maintenance costs decline. Vacancy is eliminated. The moral hazard inherent in traditional rental real estate is structurally removed. The result is a portfolio designed to outperform traditional single-family rental investing across multiple dimensions.
Impact is not a concession in this model. It is the structural advantage embedded in every asset.
“Ownify really gave us this chance to get into our first home when we felt like maybe we wouldn't have been able to. It just feels so good to be in our home.”— Skylar, first-time homebuyer with Ownify
Proven Through Fund 1
Not a thesis. A track record.
The Ownify Home Fund launched in 2022. Three years of operating data support our belief that co-ownership produces superior risk-adjusted returns.
Fund 1 bought 20 homes across the Raleigh-Durham, Charlotte, and Nashville markets, starting in 2022. Every property is occupied by a co-owner. Not a single payment has been missed. Maintenance costs are 60% below average. Equity appreciation has averaged 7.3% per year with consistent 6.2% cap rate for a 12% portfolio return net of fees. The co-ownership model isn't theoretical — it has been stress-tested through rising rates, cooling markets, and three years of real operations.
Why Co-Ownership Works
Six structural advantages over traditional single-family residential investing
The co-investment model fundamentally changes the risk-return profile of single-family real estate. Every advantage flows from one design principle: the resident is an owner, not a tenant.
Lower Maintenance Costs
Co-owners treat properties like their own — because they are. Fund 1 maintenance costs have run approximately 60% below institutional SFR benchmarks to date.
Missed Payments
Strong credit risk and income underwriting ensures customers have the capacity to meet their payment obligations, even at low-middle income levels.
Strategic Defaults
“Evergreen equity” means residents are never underwater. The shared-equity mechanism eliminates the moral hazard that plagues traditional leveraged homeownership.
Below-Market Acquisition
All-cash offers with accelerated close, AI-powered valuation, and an aligned agent incentive model have historically averaged approximately 5% below fair market value on purchase in Fund 1.
Quartile Rental Yields
Expanded home choice and payment certainty support strong rental yields. Occupancy fees have exceeded comparable rental yields across Fund 1 markets to date.
Saved on Disposition
Built-in sale to the co-owner eliminates the 6–8% in brokerage, staging, and marketing costs that typically erode exit proceeds in traditional SFR portfolios.
Investment Thesis
Seven pillars driving investor returns
Structural Alignment
Each property is held in a series LLC with 10,000 “bricks” (membership units). The homebuyer starts with 2% and dollar-cost averages to ~10% over five years. A purchase option sets a price floor at the higher of FMV or 5% above initial price — locking in minimum appreciation for investors.
Colorado's Market Fundamentals
Denver Metro: median SFH ~$575K–$620K. 9,000+ homes under $750K come to market annually. 170% appreciation over the past decade. Boulder County: 5–6% rental yields. Front Range: 3–6% forward HPA forecasts through 2030. Soft market through 2027 presents buying opportunity.
Starter Homes as an Asset Class
Starter homes have appreciated 54.1% over five years vs. 49.1% for the broader market. Gross yields of 8–11% vs. 4–7% for homes above $750K. They sell 27% faster, reducing disposition risk. And rising tariffs add $7,500–$22,000 to replacement cost per unit.
Deep Consumer Demand
Colorado is short 106,000 housing units (State Demography Office). More than 50% of Colorado renters and 24% of homeowners spend over 30% of income on housing. 60% of CO renters cite insufficient down payment as their primary barrier.
Technology-Driven Underwriting
3,000+ data points per investment decision. Fully automated engine trained on 1M+ historical low-down-payment mortgage records. Evaluates non-W2 income where traditional underwriting fails. Final decisions reviewed by CEO and COO.
Best-Price Acquisition
Three components drive below-market entry: AI-powered valuation assessing hundreds of variables, all-cash offers eliminating the 5% fall-through risk of mortgage-financed offers, and Ownify's “2 Plus 10” commission — the first structure where buyer's agents earn more by paying less.
Tax Advantages & Inflation Protection
Single-family homes provide a natural inflation hedge through appreciation exceeding CPI, rent growth outpacing core inflation, structural supply shortages supporting pricing power, and fixed-rate leverage whose real value declines over time. Depreciation over 27.5 years generates non-cash deductions that reduce taxable income. Allocations flow through Schedule K-1 and may offset other passive income. The Fund accepts cash, IRA, self-directed 401(k), and Donor-Advised Fund (DAF) investments.
Measurable Impact
Your investment makes ownership possible
The Fund targets families at 60–120% of Area Median Income — households with solid employment and strong credit but insufficient savings for a traditional mortgage down payment.
*Multipliers compare the number of families able to afford a home purchase using Ownify's 2% entry vs. a conventional mortgage requiring 5–20% down payment plus closing costs. Based on Colorado AMI data and Ownify underwriting criteria. Fund 1 portfolio averages shown; individual results vary.
In metro Denver, a teacher earning $64,000 can currently afford only 14% of homes in their school district. Larimer County deputies live in Cheyenne because they can't afford to live where they serve. The Ownify Home Fund addresses this crisis directly — not through subsidy, but through a structural innovation that aligns investor capital with homebuyer aspiration.
Choose Your Path
Two ways to invest
Select the risk-return profile that matches your objectives. Both options are open to accredited investors investing from cash, IRA, or Donor-Advised Fund (DAF) accounts.
Wealth Creation
- Targeted quarterly distributions from occupancy income
- Net appreciation on home sales
- K-1 pass-through with depreciation benefits
- Contractual 5% price floor on every asset
- Inflation-hedged through real asset exposure
Predictable Income
- First-lien collateral on every property
- Steady, predictable income stream
- Downside protection through senior position
- Impact-first alternative to bonds and savings
- Ideal for DAF and IRA allocations
Projected Equity Returns — $500K Investment (Base Case)*
| Year | Projected Cash Flow | % of Investment |
|---|---|---|
| Year 1 | $14,000 | 2.7% |
| Year 2 | $43,000 | 8.6% |
| Year 3 | $42,000 | 8.4% |
| Year 4 | $41,000 | 8.2% |
| Year 5 | $40,000 | 8.0% |
| Exit | $586,000 | 117.2% |
*Projections are forward-looking estimates based on the manager's assumptions and are not guaranteed. Base case assumes 2.75% annual HPA. Downside scenario: 0% HPA. Upside scenario: 4% HPA. Actual results may differ materially. Detailed model at model.ownifyfund.com
Leadership
Built by operators
Founded Ownify in 2022. Former CEO of Nomis Solutions (mortgage pricing & analytics). VP Decision Management at FICO. VP of Product at eCoverage. Started career at Oliver Wyman. B.S. Finance, Wharton School.
The Manager of the Ownify Home Fund Colorado LLC is Modern Capital Co, a Delaware corporation. Frank Rohde serves as President and CEO, Ben Herold serves as COO of both Modern Capital Co and Ownify Inc.
Invest with conviction.
Schedule a conversation with Frank and Ben to review the thesis, explore the financial model, and discuss how the Fund fits your portfolio.
Minimum investment: $100,000 | Accredited investors only | Cash, IRA, and DAF accepted
This document does not constitute a recommendation, an offer to sell, or a solicitation of an offer to purchase any securities and may not be relied upon to evaluate the merits of investing in the securities described herein. An offer to invest will be made only by means of the offering documents, to be furnished to prospective qualified investors, which will contain a description of the material terms (including, without limitation, risk factors, conflicts of interest, fees and expenses, and tax aspects) relating to the offering. Prospective investors should review the offering documents before deciding to invest.
The investment described herein is speculative and involves a high degree of risk. There can be no assurance that investment objectives will be achieved. An investor could lose all or a substantial amount of their investment. There is very limited liquidity, no secondary market is expected to develop, and there are severe restrictions on withdrawal or transfer. Targeted returns are based on the manager's reasonable assumptions and should not be regarded as a representation that they will be achieved. Past performance is not necessarily indicative of future results.
Ownify Inc | 548 Market Street #25841, San Francisco, CA 94104 | 415-549-1939