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5 LOCUST BOULEVARD
About This Property
This beautifully maintained all-brick, single-level home is tucked away on a quiet cul-de-sac in one of Middletown's most desirable neighborhoods. Offering the perfect blend of charm, updates, and location, this home is a true gem.
Inside, you'll find freshly refinished hardwood floors and an abundance of natural light, enhanced by a brand-new front window. The kitchen features stainless steel appliances, including a newer oven, microwave, refrigerator, and dishwasher. A washer and dryer are also included, making this home move-in ready. Recent improvements also include new gutters for added peace of mind and curb appeal.
The home sits on a peaceful, low-traffic street within walking distance to schools, restaurants, parks, and local shops-perfect for those who value community and convenience. Commuters will appreciate the quick access to all major routes, while the detached rear garage offers flexible use as a workshop, art studio, or storage space.
This home combines thoughtful updates, solid construction, and an unbeatable location. Don't miss the opportunity to own a charming brick home in the heart of Middletown-ideal for everyday living and long-term value.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017