10 Spring LnBinghamtonNY13903
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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 Binghamton at 10 Spring Ln, Binghamton, NY, 13903 priced at $455,300 converts $3,352/mo rent into $312/mo cash flow after a $2,228/mo obligation. Total monthly income equals $3,352/mo, and annual cash flow totals $3,745/yr on $150,932 invested. Return on cash invested prints 22.39% in year one, and rental yield reads 8.83% against a $455,300 entry. Equity gained on principal adds $2,938/yr, while 5% annual appreciation compiles into $125,791 by year five. Five-year ROI reaches 116.8% and total cumulative return in cash sums $176,294. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,352/mo property income covering a $2,228/mo payment, not borrower’s personal income.
Single Family
Built in 1989
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13903, Binghamton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,954 (100%) |
| Owner Occupied HU | 5,123 (57.2%) |
| Renter Occupied HU | 2,916 (32.6%) |
| Vacant Housing Units | 915 (10.2%) |
| Median Home Value | $175,311 |
| Average Home Value | $220,383 |
Housing Distribution
Address Breakdown
Residential
7,773
Single Family
7,416
Multi-Family
357
Businesses
297
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