2914 Devon AvenueMedfordNY11763
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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 Medford at 2914 Devon Avenue, Medford, NY, 11763 uses $181,608 cash to close to unlock $391/yr annual cash flow and $33/mo monthly cash flow. Total monthly income runs $3,719/mo, and a $2,702/mo payment keeps the spread at $33/mo. Purchase price stands at $552,000, and rental yield measures 8.08% with $3,719/mo rent. Return on cash invested shows 20.28% in year one, and 5% annual appreciation builds toward $152,507 over five years. Five-year ROI reaches 105.43% and total cumulative return in cash records $191,462. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,719/mo property income covering a $2,702/mo payment rather than investor’s personal income.
Single Family
Built in 1964
8,276 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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Listed by: Hajrije Velovic • I P E Realty L L C
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #L3571075
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