35 Michael Drive, Middletown, NJ, 07748 | $479/mo Cash Flow

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35 Michael Drive, Middletown, NJ, 07748 | $479/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Middletown at 35 Michael Drive, Middletown, NJ, 07748 priced at $899,000 converts $6,887/mo rent into $479/mo cash flow after a $4,400/mo obligation. Total monthly income equals $6,887/mo, and annual cash flow totals $5,751/yr on $295,771 invested. Return on cash invested prints 22% in year one, and rental yield reads 9.19% against a $899,000 entry. Equity gained on principal adds $5,801/yr, while 5% annual appreciation compiles into $248,377 by year five. Five-year ROI reaches 115.3% and total cumulative return in cash sums $341,014. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,887/mo property income covering a $4,400/mo payment, not borrower’s personal income.

Single Family

Built in 1956

0.48 Acres lot

$N/A/sqft

No HOA

More details about the property

Coming soon, first showing Sat July 19th. Located in highly desirable neighborhood, this fully renovated, custom-expanded split ranch, offers over 3,200 sq ft of versatile living space. Home features 4 generously sized bedrooms and 3 full bathrooms, highlighted by vaulted ceilings and abundant natural light throughout. The layout flows seamlessly with a formal living room, elegant dining area, and a modern eat-in kitchen ideal for casual meals or entertaining. The oversized primary suite is a true sanctuary, with a private ensuite including a fireplace, and a balcony overlooking the property. Additional living spaces includes den/family room and a finished basement. Large fenced-in yard features above-ground pool with deck and mutli-level patio. Move-in ready, quick closing available

Neighborhood Data

Neighborhood data shown for ZIP Code: 07748, Middletown, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,569 (100%)
Owner Occupied HU	8,539 (80.8%)
Renter Occupied HU	1,624 (15.4%)
Vacant Housing Units	406 ( 3.8%)
Median Home Value	$669,839
Average Home Value	$691,050