1 Lake Ridge DriveMiddletownNY10940
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Middletown at 1 Lake Ridge Drive, Middletown, NY, 10940 priced at $350,000 converts $2,695/mo rent into $358/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,695/mo, and annual cash flow totals $4,294/yr on $116,025 invested. Return on cash invested prints 23.61% in year one, and rental yield reads 9.24% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 123.33% and total cumulative return in cash sums $143,090. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,695/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Condo
Built in 2003
1,307 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10940, Middletown, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,106 (100%) |
| Owner Occupied HU | 11,235 (50.8%) |
| Renter Occupied HU | 9,173 (41.5%) |
| Vacant Housing Units | 1,698 ( 7.7%) |
| Median Home Value | $373,304 |
| Average Home Value | $435,188 |
Housing Distribution
Address Breakdown
Residential
20,289
Single Family
18,069
Multi-Family
2,220
Businesses
1,629
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Listed by: Colin Seitz • RE/MAX Benchmark Realty Group
Mls Name: OneKey MLS
Mls ID: #900381