








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Middletown at 27 Sycamore Drive Bldg 2 A, Middletown, NY, 10940 generates $1,776/mo in rent and, after a $974/mo payment, leaves $239/mo in cash flow. Total monthly income is $1,776/mo, and annual cash flow is $2,869/yr on $65,969 invested. Return on cash invested sits at 24.26% in year one, and rental yield is 10.71% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 128.23% and total cumulative return in cash sums $84,594. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,776/mo property income rather than buyer’s personal income.
Condo
Built in 1976
436 sqft lot
$N/A/sqft
$208 monthly HOA
Neighborhood data shown for ZIP Code: 10940, Middletown, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,106 (100%) |
| Owner Occupied HU | 11,235 (50.8%) |
| Renter Occupied HU | 9,173 (41.5%) |
| Vacant Housing Units | 1,698 ( 7.7%) |
| Median Home Value | $373,304 |
| Average Home Value | $435,188 |
Residential
20,289
Single Family
18,069
Multi-Family
2,220
Businesses
1,629
Date | Event | Price |
|---|---|---|
| 2025-06-30 | Listed for sale | $199,000 |
| 2025-04-06 | Listing removed | $199,000 |
| 2025-03-26 | Pending sale | $199,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



What's Special
None
Listed by: Dawn Moglia • Stepping Stone Realty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #833098
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. 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. Copyright 2025 OneKey MLS. All rights reserved.