6 Carriage DriveMiddletownNJ07748
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
Rental property for sale in Middletown at 6 Carriage Drive, Middletown, NJ, 07748 priced at $1,175,000 pairs $4,318/mo rent with after a $5,751/mo payment. Total monthly income equals $4,318/mo. Return on cash invested is 7.58% in year one, and rental yield stands at 4.41% on a $1,175,000 basis. Equity gained on principal adds $7,582/yr, and 5% annual appreciation accumulates to $324,631 by year five. Five-year ROI measures 37.89% and total cumulative return in cash reaches $144,262. For financing, Ziffy Mortgage’s DSCR program evaluates $4,318/mo property income against a $5,751/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
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
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Listed by: Christine Morford • Berkshire Hathaway HomeServices Fox & Roach - Rumson
Mls Name: MOMLS
Mls Provider:
Mls ID: #22511102
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.