89 Sycamore DriveMiddletownNY10940
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 89 Sycamore Drive, Middletown, NY, 10940 priced at $269,900 converts $2,276/mo rent into $474/mo cash flow after a $1,321/mo obligation. Total monthly income equals $2,276/mo, and annual cash flow totals $5,684/yr on $89,472 invested. Return on cash invested prints 26.26% in year one, and rental yield reads 10.12% against a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,568 by year five. Five-year ROI reaches 137.56% and total cumulative return in cash sums $123,078. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,276/mo property income covering a $1,321/mo payment, not borrower’s personal income.
Condo
Built in 1977
436 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10940, Middletown, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,106 (100%) |
| Owner Occupied HU | 11,235 (50.8%) |
| Renter Occupied HU | 9,173 (41.5%) |
| Vacant Housing Units | 1,698 ( 7.7%) |
| Median Home Value | $373,304 |
| Average Home Value | $435,188 |
Housing Distribution
Address Breakdown
Residential
20,289
Single Family
18,069
Multi-Family
2,220
Businesses
1,629
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dulce M Ferrera • Keller Williams Hudson Valley
Mls Name: OneKey MLS
Mls ID: #902595