2340 Devon StreetEast MeadowNY11554
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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 East Meadow at 2340 Devon Street, East Meadow, NY, 11554 listed at $599,000 pairs $5,520/mo rent with a $2,932/mo payment to leave $1,520/mo cash flow. Total monthly income runs $5,520/mo, and annual cash flow reaches $18,237/yr on $197,071 cash to close. Return on cash invested measures 29.31% in year one, and rental yield registers 11.06% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 153.88% and total cumulative return in cash totals $303,262. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,520/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1949
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11554, East Meadow, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,941 (100%) |
| Owner Occupied HU | 10,853 (83.9%) |
| Renter Occupied HU | 1,467 (11.3%) |
| Vacant Housing Units | 621 ( 4.8%) |
| Median Home Value | $645,699 |
| Average Home Value | $677,233 |
Housing Distribution
Address Breakdown
Residential
12,559
Single Family
12,287
Multi-Family
272
Businesses
820
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Listed by: Shahzad S. Qureshi • Pinnacle R E Consulting Inc
Mls Name: OneKey MLS
Mls ID: #953342