205 Linden Ave · Middletown, NY 10940

$310,000

3 bd · 2.0 ba · 1,061 sqft · SingleFamily public records · 23 Days on market

Built 1900 5,000 sqft lot $292/sqft · 13% below area Est $355k · 13% under

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +13.2/15.0
• Cash flow +10.0/30.0
• Rent growth +4.6/5.0
• Schools +4.2/10.0
• Livability +4.1/5.0
• 1% rule +3.2/10.0
• DSCR +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Newly remodeled two story home in a very convenient location of Middletown! Enter into a spacious living room with modern flooring & crown molding throughout. Updated kitchen with dining area. Stainless steel appliances, backspalsh and trendy light fixtures. Spacious ground level bedroom for your convenience and half bath complete 1st floor. Upper floor has 2 additional bedrooms and a big full bath with plenty of closet space. Washer and dryer included! Walk out basement with plenty of storage space. Enjoy the privacy that this fenced in spacious backyard offers! Big extended driveway where parking will not be an issue! Convenient location to shopping, dining, hospital , bus/train and highways are among many reasons to make this house your home! Additional Information: Amenities:Storage,

Key facts

• 5,000 sq ft lot
• Garage
• Built 1900

Property features AI

Exterior

• Parking: Detached 1-car garage; Total parking for 1 vehicle
• Utilities: Public sewer; Trash collection (public)
• Home design: Single family residence
• Construction: Frame and vinyl siding construction
• Exterior features: Frame construction with vinyl siding; Not waterfront

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Gas water heater
• Bedrooms: Total of 6 rooms (includes bedrooms and living spaces)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Eat-in kitchen; Marble countertops; Full basement; Full attic
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $310k.

Deal economics

• At list price, monthly cash flow is $-189 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $277k (10.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $254k (18.2% below list).
• Recommended offer: $254k (18.2% below list) — sets the bar for 1% rule.
• Cap rate 5.6% vs local median 3.3% in Middletown — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 82/100 on livability (#79 in NY, #1,219 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, housing A+, health & safety A+; Watch: commute C-.
• Middletown City School District (suburban): math 41% / reading 55% proficiency, ranked #411 of 590 in NY (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Presidential Park Elementary School (math 19% / reading 37%, grade F, #1,774 of 2,108 statewide, top 84%, 1,300 students, 76% FRL); Middletown Twin Towers Middle School (math 10% / reading 42%, grade F, #595 of 729 statewide, top 82%, 858 students, 78% FRL); Middletown High School (math 90% / reading 92%, grade A+, #203 of 1,100 statewide, top 20%, 2,523 students, 71% FRL).
• Market conditions: Rents rising fast (+8.2%/yr); 279 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,746 units permitted in Orange County in 2024 (1,265 in 5+ unit buildings).
• This rent runs 35% of the median local income ($87k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($305k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $255k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $253,685 (18.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.82% ✗
• Cap rate: 5.56%
• Cash-on-cash: -2.62%
• DSCR: 0.88
• GRM: 10.2

CMA / ARV

• ARV (median comp): $354,576
• List price: $310,000
• Delta: -12.57%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
197 Highland Ave	0.16mi	3/1.5	1,131 (+7%)	10mo	$268,000	$237	72
127 Watkins Ave	0.17mi	3/1.0	1,136 (+7%)	7mo	$280,000	$246	70
3 Chappell Pkwy	0.28mi	2/1.0 (-1)	1,016 (-4%)	8mo	$330,000	$325	64
15 Commonwealth Ave	0.51mi	3/1.0	1,092 (+3%)	5mo	$300,000	$275	63
220 Linden Ave	0.08mi	3/1.0	936 (-12%)	15mo	$252,040	$269	60
108 Sproat St	0.44mi	2/1.0 (-1)	1,142 (+8%)	1mo	$285,000	$250	57
80 Beattie Ave	0.63mi	3/1.0	1,032 (-3%)	6mo	$200,000	$194	57
12 Eisenhower Dr	0.39mi	3/1.0	1,150 (+8%)	9mo	$375,000	$326	56
13 Smith St	0.55mi	3/1.0	1,120 (+6%)	6mo	$230,000	$205	56
5 Carl Pl	0.73mi	3/1.5	1,056 (-0%)	10mo	$325,000	$308	55
56 Beattie Ave	0.70mi	3/1.5	1,040 (-2%)	11mo	$301,000	$289	53
122 Cottage St	0.49mi	2/1.0 (-1)	1,201 (+13%)	11mo	$275,000	$229	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -15.1%
• Equity multiple: 0.44×
• Total profit: $-48,812
• Equity at exit: $46,222

10-year hold

• IRR: 0.4%
• Equity multiple: 1.04×
• Total profit: $3,275
• Equity at exit: $26,803

Cash invested: $86,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 10940

• Home prices YoY: -18.7%
• Rents YoY: 8.2%
• Active inventory: 279
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $2,537 high
• Mortgage (P&I): −$1,626
• Tax from tax record: −$439 /mo · $5,263/yr
• Insurance: −$129
• HOA: −$0
• Vacancy / Maint / Mgmt: −$533
• Net cashflow: $-189

Break-even live

Break-even rent $2,776

Max offer price $276,563

Occupancy floor —

Sensitivity live

Price	-10% $-14	-5% $-102	+0% $-189	+5% $-277	+10% $-365
Rent	-10% $-390	-5% $-289	+0% $-189	+5% $-89	+10% $11
Rate	-1.0pp $-33	-0.5pp $-110	base $-189	+0.5pp $-270	+1.0pp $-351

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $77,500
• Closing costs: $9,300
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
56 Wisner Ave Middletown, NY	3.0	1.0	1144	$2,500	$2.19	25d	1	0.07mi
184 Highland Ave Middletown, NY	4.0	2.0	1486	$3,500	$2.36	25d	1	0.18mi
90 Montgomery St Unit Upper Middletown, NY	2.0	1.0	900	$2,400	$2.67	25d	1	0.60mi
22 Sunnyside Ave Middletown, NY	2.0	1.0	928	$1,800	$1.94	46d	1	0.60mi
1 Dewitt St Middletown, NY	3.0	1.0	1127	$2,100	$1.86	46d	1	0.68mi
63 Broad St Middletown, NY	3.0	1.0	1088	$2,700	$2.48	25d	1	0.70mi
3 Giada Ln Unit 2 Middletown, NY	2.0	1.0	950	$2,300	$2.42	46d	1	0.72mi
1 Giada Ln #5 Middletown, NY	2.0	1.0	950	$2,300	$2.42	46d	1	0.73mi
31 Beattie Ave #2 Middletown, NY	2.0	1.0	718	$2,000	$2.79	46d	1	0.74mi
31 Liberty St Middletown, NY	2.0	1.0	1090	$2,000	$1.83	16d	1	0.84mi
132 Prospect Ave Middletown, NY	3.0	1.0	1240	$2,300	$1.85	46d	1	0.87mi
39 Crescent Pl Middletown, NY	3.0	1.0	1278	$2,500	$1.96	25d	1	0.92mi
11 Knapp Ave Apt 2 Middletown, NY	2.0	1.0	950	$2,500	$2.63	46d	1	0.94mi
700 Stratford Ln Middletown, NY	2.0	1.5	800	$2,200	$2.75	16d	1	0.97mi
28 North St #1 Middletown, NY	2.0	2.0	1200	$2,000	$1.67	46d	1	0.98mi
118 W Main St Unit 1 Middletown, NY	3.0	1.0	1158	$2,350	$2.03	23d	1	0.99mi
17 Academy Ave Unit 2 Middletown, NY	2.0	1.0	750	$1,850	$2.47	46d	1	0.99mi
126 W Main St Unit 2 Middletown, NY	3.0	1.0	700	$2,200	$3.14	46d	1	1.00mi
126 W Main St Middletown, NY	3.0	1.0	900	$2,200	$2.44	23d	1	1.00mi
128 W Main St Unit 2 Middletown, NY	3.0	2.0	880	$2,500	$2.84	46d	1	1.01mi
2 E Main St #5 Middletown, NY	3.0	1.0	1200	$1,850	$1.54	16d	1	1.04mi
26 Mill St Unit 2 Middletown, NY	3.0	2.0	1300	$2,600	$2.00	46d	1	1.12mi
26 Mill St Middletown, NY	3.0	2.0	1300	$2,600	$2.00	25d	1	1.12mi
23 Wawayanda Ave Middletown, NY	3.0	2.0	1072	$2,150	$2.01	46d	1	1.30mi
225 Monhagen Ave Middletown, NY	3.0	1.0	1466	$2,700	$1.84	16d	1	1.31mi
203 W Main St Unit 2 Middletown, NY	2.0	1.0	784	$1,700	$2.17	46d	1	1.33mi
151 Tall Oaks Dr Middletown, NY	1.0–3.0	1.0	920	$1,607	$1.75	16d	1	1.42mi
169 Excelsior Ave Middletown, NY	3.0	1.5	1450	$2,800	$1.93	16d	1	1.47mi

Listing history 19 events

1. 2026-06-07
   statusdays on market $310,000 Pending 23 DOM
2. 2026-06-05
   days on market $310,000 Active 22 DOM
3. 2026-06-03
   days on market $310,000 Active 21 DOM
4. 2026-06-02
   days on market $310,000 Active 20 DOM
5. 2026-06-01
   days on market $310,000 Active 19 DOM
6. 2026-05-31
   days on market $310,000 Active 18 DOM
7. 2026-05-30
   days on market $310,000 Active 17 DOM
8. 2026-05-14
   listed $310,000 Active 747-char remark
9. 2026-05-11
   historical $310,000 747-char remark
10. 2021-10-13
    historical
11. 2021-09-28
    price $315,000
12. 2021-09-13
    listed $325,000 Active
13. 2021-09-04
    historical
14. 2021-03-10
    soldstatus $255,000 Closed

    Show marketing remark (808 chars)

    Newly remodeled two story home in a very convenient location of Middletown! Enter into a spacious living room with modern flooring & crown molding throughout. Updated kitchen with dining area. Stainless steel appliances, backspalsh and trendy light fixtures. Spacious ground level bedroom for your convenience and half bath complete 1st floor. Upper floor has 2 additional bedrooms and a big full bath with plenty of closet space. Washer and dryer included! Walk out basement with plenty of storage space. Enjoy the privacy that this fenced in spacious backyard offers! Big extended driveway where parking will not be an issue! Convenient location to shopping, dining, hospital , bus/train and highways are among many reasons to make this house your home! Additional Information: Amenities:Storage,

15. 2021-01-18
    status Pending

    Show marketing remark (808 chars)

    Newly remodeled two story home in a very convenient location of Middletown! Enter into a spacious living room with modern flooring & crown molding throughout. Updated kitchen with dining area. Stainless steel appliances, backspalsh and trendy light fixtures. Spacious ground level bedroom for your convenience and half bath complete 1st floor. Upper floor has 2 additional bedrooms and a big full bath with plenty of closet space. Washer and dryer included! Walk out basement with plenty of storage space. Enjoy the privacy that this fenced in spacious backyard offers! Big extended driveway where parking will not be an issue! Convenient location to shopping, dining, hospital , bus/train and highways are among many reasons to make this house your home! Additional Information: Amenities:Storage,

16. 2021-01-08
    historical

    Show marketing remark (808 chars)

    Newly remodeled two story home in a very convenient location of Middletown! Enter into a spacious living room with modern flooring & crown molding throughout. Updated kitchen with dining area. Stainless steel appliances, backspalsh and trendy light fixtures. Spacious ground level bedroom for your convenience and half bath complete 1st floor. Upper floor has 2 additional bedrooms and a big full bath with plenty of closet space. Washer and dryer included! Walk out basement with plenty of storage space. Enjoy the privacy that this fenced in spacious backyard offers! Big extended driveway where parking will not be an issue! Convenient location to shopping, dining, hospital , bus/train and highways are among many reasons to make this house your home! Additional Information: Amenities:Storage,

17. 2020-11-06
    listed $240,000 Active

    Show marketing remark (808 chars)

    Newly remodeled two story home in a very convenient location of Middletown! Enter into a spacious living room with modern flooring & crown molding throughout. Updated kitchen with dining area. Stainless steel appliances, backspalsh and trendy light fixtures. Spacious ground level bedroom for your convenience and half bath complete 1st floor. Upper floor has 2 additional bedrooms and a big full bath with plenty of closet space. Washer and dryer included! Walk out basement with plenty of storage space. Enjoy the privacy that this fenced in spacious backyard offers! Big extended driveway where parking will not be an issue! Convenient location to shopping, dining, hospital , bus/train and highways are among many reasons to make this house your home! Additional Information: Amenities:Storage,

18. 2003-05-01
    soldstatus $90,000
19. 1999-12-27
    soldstatus $37,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $5,263 · $439/mo
• Projected year-2 tax: $5,263 · $439/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,442
• − Mortgage interest: −$17,365
• − Property taxes: −$5,263
• − Insurance: −$1,550
• − Repairs & maintenance: −$2,435
• − Management: −$2,435
• − Depreciation: −$9,018
• Taxable loss: −$7,624
• Est. tax savings @ 24.0%: +$1,830
• After-tax cash flow: $-442/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Middletown City School District
• NCES district ID: 3619320
• Math proficiency: 41% ▼ -2.00%
• Reading proficiency: 55% ▲ 19.00%
• Median HH income: $54,612
• Composite: 41.52/100
• National rank: #3453
• State rank: #411 of 590 in NY

Livability — Middletown

• Score: 82/100
• State rank: #79
• US rank: #1219

Category grades

Amenities A+ Commute C- Cost of living C Crime B- Employment C+ Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Middletown, NY
• County: Orange County · 267,004 people
• City population: 68,033
• Metro: Poughkeepsie-Newburgh-Middletown, NY
• Population (ZIP): 53,611
• Household income: $87,080
• Rent vs Own: 38.4% rent · 61.6% own
• Severe rent burden: 1846.0

Population outlook (Orange County) Hauer SSP2

• Today (2025): 379,830 people
• By 2030: 378,955 · -0.2%
• By 2040: 375,444 · -1.2%
• By 2050: 369,311 · -2.8%
• By 2075: 354,233 · -6.7%
• By 2100: 318,150 · -16.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 39% Hispanic / Latino 32% Black 20% Two or more races 13% Asian 4% Native American 3%
• Hispanic origin (detail): Mexican 9% Puerto Rican 13% Dominican 3%
• Common ancestry: Romanian 3% Italian 1% Iranian 1%
• Foreign-born: 18% · Canada, China, Jamaica
• Languages at home: 72% English-only · Spanish 21% Other Indo-European 2% Chinese 1%

Political lean MEDSL · Orange

• 2024 margin: Lean R (+8.4) · D 45.8% · R 54.2%
• 2008→2024 swing: -12.5pp toward R · 2008: 4.1pp · 2024: -8.4pp
• All cycles: 2024: R+8.4 2020: R+0.2 2016: R+6.5 2012: D+5.2 2008: D+4.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -71.68%
• Current HPI: 311.5969
• Rent YoY: ▲ 8.23%
• Metro: Poughkeepsie-Newburgh-Middletown, NY
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+726.7% since first listed

13 events — show timeline

• 2026-06-05 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-05-14 Listed $310,000 OneKey® MLS as Distributed by MLS Grid
• 2026-05-11 Coming Soon $310,000 OneKey® MLS as Distributed by MLS Grid
• 2021-10-13 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2021-09-28 Price Changed $315,000 OneKey® MLS as Distributed by MLS Grid
• 2021-09-13 Listed $325,000 OneKey® MLS as Distributed by MLS Grid
• 2021-09-04 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2021-03-10 Sold (MLS) $255,000 OneKey® MLS as Distributed by MLS Grid
• 2021-01-18 Pending — OneKey® MLS as Distributed by MLS Grid
• 2021-01-08 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2020-11-06 Listed $240,000 OneKey® MLS as Distributed by MLS Grid
• 2003-05-01 Sold (Public Records) $90,000 Public Records
• 1999-12-27 Sold (Public Records) $37,500 Public Records

Property tax history

+2.3%/yr

Latest (2025): $5,263 · -0.3% YoY. Source: county tax records.