304 Concord LaneMiddletownNY10940
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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 304 Concord Lane, Middletown, NY, 10940 priced at $179,000 pairs $2,695/mo rent with $916/mo cash flow after a $876/mo payment. Total monthly income equals $2,695/mo, and annual cash flow comes to $10,989/yr on $59,339 invested. Return on cash invested is 38.43% in year one, and rental yield stands at 18.07% on a $179,000 basis. Equity gained on principal adds $1,155/yr, and 5% annual appreciation accumulates to $49,454 by year five. Five-year ROI measures 207.09% and total cumulative return in cash reaches $122,883. For financing, Ziffy Mortgage’s DSCR program evaluates $2,695/mo property income against a $876/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1989
436 sqft lot
$N/A/sqft
$584 monthly 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: Gloria Allan • John J Lease REALTORS Inc
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #H6327492
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 2024 OneKey MLS. All rights reserved.