








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 Middletown at 20 Cormorant Drive, Middletown, NJ, 07748 offers $7,007/mo rent that, after a $9,177/mo payment. Total monthly income is $7,007/mo. Return on cash invested measures 7.81% in year one, and rental yield stands at 4.48% at a $1,875,000 entry. Equity gained on principal adds $12,099/yr while 5% annual appreciation compounds into $518,028 by year five. Five-year ROI records 39.13% and total cumulative return in cash reaches $237,734. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,007/mo property income versus a $9,177/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
1.50 Acres 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: David Sgalambro • Melrose Realty, LLC
Mls Name: MoreMLS
Mls ID: #22528540