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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in North Middletown at 118 Ocean Ave, North Middletown, NJ, 07748 priced at $355,000 pairs $3,245/mo rent with $714/mo cash flow after a $1,738/mo payment. Total monthly income equals $3,245/mo, and annual cash flow comes to $8,570/yr on $117,683 invested. Return on cash invested is 27.19% in year one, and rental yield stands at 10.97% on a $355,000 basis. Equity gained on principal adds $2,291/yr, and 5% annual appreciation accumulates to $98,080 by year five. Five-year ROI measures 143.16% and total cumulative return in cash reaches $168,480. For financing, Ziffy Mortgage’s DSCR program evaluates $3,245/mo property income against a $1,738/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1928
3,001 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-10-27 | Listed for sale | $355,000 |
| 2024-10-03 | Contingent | $375,000 |
| 2024-10-03 | Pending sale | $375,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $3743.65 | 8.98% | $215,400 | 10.07% |
| 2022-11-11 | $3435.03 | 6.01% | $195,700 | 16.63% |
| 2021-11-11 | $3240.24 | 24.26% | $167,800 | 23.20% |
Listed by: Nicole Slohoda • KELLER WILLIAMS ELITE REALTORS
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2502823R
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