15 Commonwealth AvenueMiddletownNY10940
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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 15 Commonwealth Avenue, Middletown, NY, 10940 priced at $309,000 pairs $2,135/mo rent with $72/mo cash flow after a $1,512/mo payment. Total monthly income equals $2,135/mo, and annual cash flow comes to $863/yr on $102,434 invested. Return on cash invested is 20.75% in year one, and rental yield stands at 8.29% on a $309,000 basis. Equity gained on principal adds $1,994/yr, and 5% annual appreciation accumulates to $85,371 by year five. Five-year ROI measures 107.99% and total cumulative return in cash reaches $110,621. For financing, Ziffy Mortgage’s DSCR program evaluates $2,135/mo property income against a $1,512/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1903
3,500 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: Abbe B Distelburger • Keller Williams Realty
Mls Name: OneKey MLS
Mls ID: #891691