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$279,000

For Sale - Active
2 S Aspen Rd, Middletown, NY 10940
3 Beds
2.0 Baths
1,884 Square Feet
0.27 Acres Lot
Built in 1972
For Sale - Active
Units n/a
Checked: 11 hours ago
Updated: Apr 23, 2025 at 09:26PM

Investment Summary


Monthly Cash Flow
-$27
Cap Rate
6.0%
Cash-on-Cash Return
-0.5%
Debt Coverage Ratio
0.98
Internal Rate of Return (5 years)
3.5%

Property Description


0.27 Acres Lot
Built in 1972
For Sale - Active
Units n/a

Opportunity is knocking! Great rental property for investors! Cute townhouse priced to sell. House is being sold As-Is. Tenants in place, Do Not Disturb! Bring all offers.

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Location


Property Details


Parking

  • Details: Driveway, Off Street
  • Garage Spaces: 0
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 2
  • Basement Description: Crawl Space

Exterior Features

  • Exterior Walls Materials: Wood

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 33090051223
  • Lot Size: 11570 sqft

Property Information

  • Property Type: Townhouse
  • Style: Traditional
  • Year Built: 1972

Tax Information

  • Annual Tax: $6,581

Utilities

  • Water & Sewer: Private
  • Cooling: None

Location

  • County: Orange

Listing Details


Listed by:
Derek J. Greene
Greene Realty Group
(860) 560-1006

Source:
OneKey MLS
MLS#: 835451
OneKey MLS

Investment Summary


Monthly Cash Flow
-$27
Cap Rate
6.0%
Cash-on-Cash Return
-0.5%
Debt Coverage Ratio
0.98
Internal Rate of Return (5 years)
3.5%

Purchase Details

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Purchase price:
$279,000
Amount financed:
-$223,200
Down payment:
$55,800
Closing costs:
$8,370
Rehab costs:
$0
Initial cash invested:
$64,170
Square feet:
1,884
Cost per square foot:
$148
Monthly rent per square foot:
$1.49

Financing Details

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Loan amount:
$223,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.500%
Principle & interest:
$1,411
Property tax:
$548
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,155

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (20%)
20%-$548-$6,581
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (0%)
0%$0$0
Total operating expenses: (45%)
45%-$1,248-$14,981

Cash Flow


Monthly Yearly
Net operating income:
$1,384 $16,608
Mortgage payments:
-$1,411 -$16,932
Cash flow:
$27 $324