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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% |
Investment property for sale in Middletown at 201 College St UNIT 12, Middletown, CT, 06457 listed at $239,900 pairs $1,695/mo rent with a $1,174/mo payment. Total monthly income runs $1,695/mo. Return on cash invested measures 15.05% in year one, and rental yield registers 8.48% at a $239,900 basis. Equity gained on principal adds $1,548/yr, and annual property appreciation at 5% supports $66,280 by year five. Five-year ROI tracks 79.76% and total cumulative return in cash totals $63,427. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,695/mo property income relative to a $1,174/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1980
N/A lot
$N/A/sqft
$387 monthly HOA
Neighborhood data shown for ZIP Code: 06457, Middletown, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,098 (100%) |
| Owner Occupied HU | 11,117 (50.3%) |
| Renter Occupied HU | 9,428 (42.7%) |
| Vacant Housing Units | 1,553 ( 7.0%) |
| Median Home Value | $343,608 |
| Average Home Value | $392,667 |
Residential
20,793
Single Family
17,574
Multi-Family
3,219
Businesses
1,530
Date | Event | Price |
|---|---|---|
| 2022-10-07 | Listing removed | N/A |
| 2022-10-04 | Sold | $130,000 |
| 2022-09-21 | Pending sale | $139,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-13 | $3291.00 | 4.84% | $89,420 | N/A |
| 2023-03-13 | $3139.00 | 15.15% | $89,420 | 44.32% |
| 2022-03-13 | $2726.00 | N/A | $61,960 | N/A |
What's Special
None
Listed by: Sue Hitchcock • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24079848
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
