63 Pate DriveMiddletownNJ07748
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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 63 Pate Drive, Middletown, NJ, 07748 earns $487/mo cash flow from $5,690/mo rent with a $3,573/mo payment. Total monthly income totals $5,690/mo, and annual cash flow totals $5,840/yr on $240,170 capital. ROI tracks 22.49% on current figures, and rental yield reads 9.35% at a $729,999 purchase. Equity gained on principal adds $4,711/yr, and 5% annual appreciation supports $201,685 over five years. Five-year ROI reaches 117.9% and total cumulative return in cash sums $283,154. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,690/mo property income instead of your personal income.
Condo
Built in 2012
871.20 sqft 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: Thomas R Adinolfi • Robert DeFalco Realty Inc.
Mls Name: MoreMLS
Mls ID: #22525795