37
Map
51 Howard Drive
About This Property
On the market for the first time in forty-six years, its owners are happy to know another will soon love the home.
Located less than 5 minutes to all of Middletown's conveniences, such as Adams Fairacre Farms, restaurants, and access to Route 17 for points South and I-84 east and west.
Orange County Community College is also within striking distance. The owner taught there for more than 35 years!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 17, 2025 | Sold | ||
| Sold | |||
| Sep 5, 2025 | In contract | - | |
| In contract | |||
| Jul 24, 2025 | Listed by Keller Williams Hudson Valley | $369,000 | |
| Listed by Keller Williams Hudson Valley | |||
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