102 Main St Extension, Middletown, CT, 06457 | $754/mo Cash Flow

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102 Main St Extension, Middletown, CT, 06457 | $754/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Middletown at 102 Main St Extension, Middletown, CT, 06457 priced at $385,500 converts $3,373/mo rent into $754/mo cash flow after a $1,887/mo obligation. Total monthly income equals $3,373/mo, and annual cash flow totals $9,043/yr on $127,793 invested. Return on cash invested prints 26.98% in year one, and rental yield reads 10.5% against a $385,500 entry. Equity gained on principal adds $2,488/yr, while 5% annual appreciation compiles into $106,507 by year five. Five-year ROI reaches 141.59% and total cumulative return in cash sums $180,947. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,373/mo property income covering a $1,887/mo payment, not borrower’s personal income.

Multi Family

Built in 1927

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Two-family home located in Middletown offering 4 rooms, 2 bedrooms, and 1 bathroom in each unit. Both units have been fully remodeled with new kitchens featuring stainless steel appliances, updated bathrooms, new flooring, and modern finishes. Recent updates include new roof, vinyl siding, thermopane windows, gutters, and water heaters. Gas heat. Property to be sold in as-is condition. This property is eligible under the Fannie Mae First Look Initiative for the first 30 days on market. See agent remarks for offer submission instructions. Equal Housing Opportunity.

Neighborhood Data

Neighborhood data shown for ZIP Code: 06457, Middletown, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,098 (100%)
Owner Occupied HU	11,117 (50.3%)
Renter Occupied HU	9,428 (42.7%)
Vacant Housing Units	1,553 ( 7.0%)
Median Home Value	$343,608
Average Home Value	$392,667