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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 21 Portland St, Middletown, CT, 06457 uses $64,609 cash to close to unlock $1,554/yr annual cash flow and $129/mo monthly cash flow. Total monthly income runs $1,509/mo, and a $954/mo payment keeps the spread at $129/mo. Purchase price stands at $194,900, and rental yield measures 9.29% with $1,509/mo rent. Return on cash invested shows 22.31% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 116.94% and total cumulative return in cash records $75,555. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,509/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1900
3,484 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-04-16 | Price change | $194,900 |
| 2017-03-31 | Listed for sale | $90,000 |
| 2016-10-12 | Listing removed | $94,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-22 | $4132.00 | 4.85% | $112,280 | N/A |
| 2023-04-22 | $3941.00 | 89.11% | $112,280 | 137.03% |
| 2022-04-22 | $2084.00 | N/A | $47,370 | N/A |
What's Special
Access Via Hatch
Listed by: Team Rio of Executive Real Estate • Executive Real Estate Inc.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24088802
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.
