185 Ballantine RoadMiddletownNJ07748
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Nearby investment properties with comparable prices
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
Investment property for sale in Middletown at 185 Ballantine Road, Middletown, NJ, 07748 offers a 8.74% rental yield on a $799,000 purchase with $5,822/mo rent. Total monthly income registers $5,822/mo, and a $3,911/mo payment leaves $127/mo available for distribution. Annual cash flow reaches $1,519/yr on $262,871 to close, and return on cash invested stands at 20.64% in year one. Equity gained on principal adds $5,156/yr while 5% annual appreciation supports $220,749 over five years. Portfolio math shows five-year ROI at 107.96% and total cumulative return in cash at $283,806. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,822/mo property income against a $3,911/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07748, Middletown, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,267
Single Family
9,923
Multi-Family
344
Businesses
719
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Listed by: Thomas J McCormack • Resources Real Estate
Mls Name: MoreMLS
Mls ID: #22535385