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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 60 Hemlock Place, Middletown, CT, 06457 offers $3,481/mo rent that, after a $2,007/mo payment, leaves $695/mo cash flow. Total monthly income is $3,481/mo, and annual cash flow is $8,340/yr on $135,915 cash. Return on cash invested measures 26.05% in year one, and rental yield stands at 10.19% at a $410,000 entry. Equity gained on principal adds $2,646/yr while 5% annual appreciation compounds into $113,275 by year five. Five-year ROI records 136.53% and total cumulative return in cash reaches $185,567. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,481/mo property income versus a $2,007/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.40 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 |
|---|---|---|
| 2025-10-17 | Sold | $410,000 |
| 2025-07-29 | Pending sale | $369,900 |
| 2025-07-23 | Listed for sale | $369,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $5832.00 | 4.84% | $158,490 | N/A |
| 2023-10-24 | $5563.00 | 12.16% | $158,490 | 40.59% |
| 2022-10-24 | $4960.00 | N/A | $112,730 | N/A |
What's Special
None
Listed by: Rich Santana • Santana Realty Group LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24113680
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.
