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$2,099,000

For Sale - Active
10 Bowker St, Lexington, MA 02421
5 Beds
4.0 Baths
3,012 Square Feet
0.10 Acres Lot
Built in 2023
For Sale - Active
Units n/a
Checked: 10 hours ago
Updated: Apr 30, 2025 at 04:51AM

Investment Summary


Monthly Cash Flow
-$5,805
Cap Rate
2.9%
Cash-on-Cash Return
-14.4%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-10.0%

Property Description


0.10 Acres Lot
Built in 2023
For Sale - Active
Units n/a

This beautifully rebuilt home is essentially brand new—completely reconstructed from the foundation up and fully completed in late 2023. With a total building area of 3,515 square feet, this property offers a rare opportunity to enjoy modern construction and all-new systems in a well-established neighborhood.Tucked away in a quiet, private 8-home community, the home offers a peaceful setting with no traffic noise, yet is just a one-minute walk to public transportation. Designed to maximize light, the home is filled with natural sunlight from all four directions throughout the day, creating a bright, welcoming atmosphere.The backyard, while modest in size, is flat, beautifully maintained, and easy to care for—perfect for a small playground, dog run, or relaxing outdoor retreat. Surrounded by greenery and alive with birdsong and the occasional rabbit, it feels like your own private oasis. You get the cozy charm of a townhouse yard, with the added value of full land ownership.

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Location


Property Details


Parking

  • Description: Attached, Garage Door Opener, Paved Drive
  • Details: Paved, Attached, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 12
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full, Finished, Walk-Out Access, Interior Entry

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Foundation: Concrete Perimeter
  • Roof Type: Gable
  • Roof Material: Shingle
  • Solar Panels: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: LEXIM:0013L:000279
  • Lot Size: 4328 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary, Other (See Remarks)
  • Year Built: 2023

Tax Information

  • Annual Tax: $19,311

Utilities

  • Water & Sewer: Public
  • Heating: Active Solar, Heat Pump, Forced Air, Electric, Ductless
  • Cooling: Central Air, Heat Pump, Ductless

Location

  • County: Middlesex

Investment Summary


Monthly Cash Flow
-$5,805
Cap Rate
2.9%
Cash-on-Cash Return
-14.4%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-10.0%

Purchase Details

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Purchase price:
$2,099,000
Amount financed:
-$1,679,200
Down payment:
$419,800
Closing costs:
$62,970
Rehab costs:
$0
Initial cash invested:
$482,770
Square feet:
3,012
Cost per square foot:
$697
Monthly rent per square foot:
$3.25

Financing Details

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Loan amount:
$1,679,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$10,958
Property tax:
$1,609
Insurance:
$686
Private mortgage insurance (PMI):
$0
Monthly payment:
$13,253

Operating Income

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% Rent Monthly Yearly
Gross rent:
$9,800 $117,600
Vacancy loss: (6%)
6% -$588 -$7,056
Operating income:
$9,212 $110,544

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$1,609-$19,311
Insurance: (7%)
7%-$686-$8,232
Property management: (8%)
8%-$784-$9,408
Repairs & maintenance: (5%)
5%-$490-$5,880
Capital expenditures: (5%)
5%-$490-$5,880
HOA fees: (0%)
0%$0$0
Total operating expenses: (41%)
41%-$4,059-$48,711

Cash Flow


Monthly Yearly
Net operating income:
$5,153 $61,836
Mortgage payments:
-$10,958 -$131,496
Cash flow:
$5,805 $69,660