23 Macintosh DriveMiddletownNY10941
Nearby investment properties with comparable rents
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
Rental property for sale in Middletown at 23 Macintosh Drive, Middletown, NY, 10941 priced at $469,000 converts $3,840/mo rent into $708/mo cash flow after a $2,296/mo obligation. Total monthly income equals $3,840/mo, and annual cash flow totals $8,491/yr on $155,474 invested. Return on cash invested prints 25.37% in year one, and rental yield reads 9.83% against a $469,000 entry. Equity gained on principal adds $3,026/yr, while 5% annual appreciation compiles into $129,576 by year five. Five-year ROI reaches 132.77% and total cumulative return in cash sums $206,419. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,840/mo property income covering a $2,296/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10941, Middletown, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,178 (100%) |
| Owner Occupied HU | 3,623 (58.6%) |
| Renter Occupied HU | 2,208 (35.7%) |
| Vacant Housing Units | 347 ( 5.6%) |
| Median Home Value | $378,745 |
| Average Home Value | $429,048 |
Housing Distribution
Address Breakdown
Residential
5,642
Single Family
5,030
Multi-Family
612
Businesses
625
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Listed by: Laurel P Lustgarten • Howard Hanna Rand Realty
Mls Name: OneKey MLS
Mls ID: #918105