279 Augusta DriveMedfordNY11763
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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
Rental property for sale in Medford at 279 Augusta Drive, Medford, NY, 11763 priced at $319,298 converts $2,166/mo rent into $34/mo cash flow after a $1,563/mo obligation. Total monthly income equals $2,166/mo, and annual cash flow totals $403/yr on $105,847 invested. Return on cash invested prints 20.29% in year one, and rental yield reads 8.14% against a $319,298 entry. Equity gained on principal adds $2,060/yr, while 5% annual appreciation compiles into $88,216 by year five. Five-year ROI reaches 105.54% and total cumulative return in cash sums $111,707. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,166/mo property income covering a $1,563/mo payment, not borrower’s personal income.
Condo
Built in 2016
1,253 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11763, Medford, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,015 (100%) |
| Owner Occupied HU | 7,830 (78.2%) |
| Renter Occupied HU | 1,765 (17.6%) |
| Vacant Housing Units | 420 ( 4.2%) |
| Median Home Value | $535,795 |
| Average Home Value | $562,740 |
Housing Distribution
Address Breakdown
Residential
9,227
Single Family
9,227
Multi-Family
0
Businesses
850
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