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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 5 Westmont Dr, Middletown, CT, 06457 offers $2,723/mo rent that, after a $1,957/mo payment, leaves $6/mo cash flow. Total monthly income is $2,723/mo, and annual cash flow is $74/yr on $132,567 cash. Return on cash invested measures 19.96% in year one, and rental yield stands at 8.17% at a $399,900 entry. Equity gained on principal adds $2,580/yr while 5% annual appreciation compounds into $110,485 by year five. Five-year ROI records 103.96% and total cumulative return in cash reaches $137,816. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,723/mo property income versus a $1,957/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06457, Middletown, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,098 (100%) |
| Owner Occupied HU | 11,117 (50.3%) |
| Renter Occupied HU | 9,428 (42.7%) |
| Vacant Housing Units | 1,553 ( 7.0%) |
| Median Home Value | $343,608 |
| Average Home Value | $392,667 |
Residential
20,793
Single Family
17,574
Multi-Family
3,219
Businesses
1,530
Date | Event | Price |
|---|---|---|
| 2024-11-13 | Sold | $270,000 |
| 2024-10-11 | Price change | $279,900 |
| 2024-09-27 | Listed for sale | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-11 | $6370.00 | 4.84% | $173,100 | N/A |
| 2023-04-11 | $6076.00 | 9.89% | $173,100 | 37.75% |
| 2022-04-11 | $5529.00 | N/A | $125,660 | N/A |
What's Special
Access Via Hatch
Listed by: NATUZZA'S TEAM AT WILLIAM RAVEIS REAL ESTATE • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24086509
Disclaimer: 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.
