20 Devon RoadMiddletownNJ07748
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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 20 Devon Road, Middletown, NJ, 07748 priced at $849,000 converts $5,009/mo rent into after a $4,155/mo obligation. Total monthly income equals $5,009/mo. Return on cash invested prints 15.58% in year one, and rental yield reads 7.08% against a $849,000 entry. Equity gained on principal adds $5,478/yr, while 5% annual appreciation compiles into $234,563 by year five. Five-year ROI reaches 80.85% and total cumulative return in cash sums $225,824. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,009/mo property income covering a $4,155/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.73 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: Francesca Delessio • Green Light Realty
Mls Name: MoreMLS
Mls ID: #22528247