302 Concord LaneMiddletownNY10940
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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
Rental property for sale in Middletown at 302 Concord Lane, Middletown, NY, 10940 priced at $225,000 converts $1,504/mo rent into $2/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,504/mo, and annual cash flow totals $21/yr on $74,588 invested. Return on cash invested prints 19.94% in year one, and rental yield reads 8.02% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 103.65% and total cumulative return in cash sums $77,313. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,504/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Condo
Built in 1989
436 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10940, Middletown, NY area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
20,289
Single Family
18,069
Multi-Family
2,220
Businesses
1,629
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Listed by: Windy C. Rosengart • R2M Realty Inc
Mls Name: OneKey MLS
Mls ID: #908658