57 Pelican RoadMiddletownNJ07748
Nearby investment properties with comparable rents
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
Investment property for sale in Middletown at 57 Pelican Road, Middletown, NJ, 07748 uses $315,807 cash to close to unlock $255/yr annual cash flow and $21/mo monthly cash flow. Total monthly income runs $6,863/mo, and a $4,698/mo payment keeps the spread at $21/mo. Purchase price stands at $959,900, and rental yield measures 8.58% with $6,863/mo rent. Return on cash invested shows 20.14% in year one, and 5% annual appreciation builds toward $265,203 over five years. Five-year ROI reaches 105.3% and total cumulative return in cash records $332,534. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,863/mo property income covering a $4,698/mo payment rather than investor’s personal income.
Single Family
Built in 1961
0.52 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
10,267
Single Family
9,923
Multi-Family
344
Businesses
719
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Niedrach • Weichert Realtors-Freehold
Mls Name: MOMLS
Mls Provider:
Mls ID: #22430518
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.