








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Middletown at 1 Waller Drive, Middletown, NJ, 07748 offers a 4.82% rental yield on a $971,000 purchase with $3,900/mo rent. 14% in year one. Equity gained on principal adds $6,266/yr while 5% annual appreciation supports $268,269 over five years. Portfolio math shows five-year ROI at 36.15% and total cumulative return in cash at $115,471. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,900/mo property income against a $4,753/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
$418 monthly HOA
Neighborhood data shown for ZIP Code: 07748, Middletown, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,569 (100%) |
| Owner Occupied HU | 8,539 (80.8%) |
| Renter Occupied HU | 1,624 (15.4%) |
| Vacant Housing Units | 406 ( 3.8%) |
| Median Home Value | $669,839 |
| Average Home Value | $691,050 |
Residential
10,267
Single Family
9,923
Multi-Family
344
Businesses
719
Date | Event | Price |
|---|---|---|
| 2025-10-10 | Sold | $971,000 |
| 2025-09-25 | Pending sale | $992,000 |
| 2025-08-17 | Listed for sale | $992,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-18 | $1480.50 | 0.22% | $90,000 | 5.88% |
| 2023-10-18 | $1477.30 | N/A | $85,000 | N/A |



Listed by: Melissa Steinert • Toll Brothers Real Estate
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22524945
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.