We focus on homes that are priced between $250K-$350K.  With a typical down payment of 15-20%, our investors normally pay between $75K-$125K out of pocket, including the initial make-ready and property setup costs.

Currently, Bungalow targets Class A or B class properties in the Kansas City, Dallas-Fort Worth, San Antonio, Austin and Indianapolis metro areas, and our investors can expect 5% cash-on-cash returns and ~25% total ROI (assuming inflation level appreciation). With our (up to) 3-year lease offering, these returns are well-insulated from variability, except any unexpected repair costs that exceed the generous repair assumptions already included in these calculations.

Repairs are typically covered using collected rent proceeds when applicable. If damage is deemed tenant-responsible, Bungalow will work to collect payment from the tenant’s deposit, their renter’s insurance policy, your general liability policy, or directly from the tenant - though recovery cannot be guaranteed.

One of the key advantages to having numerous intelligent adults living in our properties is that maintenance issues are flagged quickly.  Catching items such as roof leaks, pest problems, or plumbing problems can save thousands by addressing them right away.  All maintenance items are reported to us and reviewed by our maintenance team within 4 hours.  For small items we will make the repair, notify you, provide documentation and pictures, and bill your account.  For larger items, we will contact you in advance and let you choose between a couple recommended options.

No, Bungalow does not guarantee rent. Instead, investors receive a monthly payout that is a percentage of the rent collected from tenants.