2588 Spring Garden DrMiddletownPA17057
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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
Investment property for sale in Middletown at 2588 Spring Garden Dr, Middletown, PA, 17057 uses $82,875 cash to close to unlock $2,393/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $1,838/mo, and a $1,224/mo payment keeps the spread at $199/mo. Purchase price stands at $250,000, and rental yield measures 8.82% with $1,838/mo rent. Return on cash invested shows 22.8% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 118.83% and total cumulative return in cash records $98,482. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,838/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17057, Middletown, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,467 (100%) |
| Owner Occupied HU | 6,273 (59.9%) |
| Renter Occupied HU | 3,418 (32.7%) |
| Vacant Housing Units | 776 ( 7.4%) |
| Median Home Value | $224,159 |
| Average Home Value | $278,018 |
Housing Distribution
Address Breakdown
Residential
9,547
Single Family
8,636
Multi-Family
911
Businesses
550
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Listed by: Spike HENSEL • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #PADA2052090