985 Route 17m LOT 3MiddletownNY10940
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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 985 Route 17m LOT 3, Middletown, NY, 10940 uses $52,709 cash to close to unlock $2,429/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $1,264/mo, and a $778/mo payment keeps the spread at $202/mo. Purchase price stands at $159,000, and rental yield measures 9.54% with $1,264/mo rent. Return on cash invested shows 24.52% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 128.22% and total cumulative return in cash records $67,584. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,264/mo property income covering a $778/mo payment rather than investor’s personal income.
Manufactured
Built in 2024
N/A 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
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Listed by: Mary Hovanec • ELLIOTT AND POMEROY INC
Mls Name: NY State MLS
Mls ID: #11407469