109 Chestnut StBinghamtonNY13905
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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 109 Chestnut St, Binghamton, NY, 13905 priced at $455,000 pairs $2,878/mo rent with after a $2,227/mo payment. Total monthly income equals $2,878/mo. Return on cash invested is 18.63% in year one, and rental yield stands at 7.59% on a $455,000 basis. Equity gained on principal adds $2,936/yr, and 5% annual appreciation accumulates to $125,708 by year five. Five-year ROI measures 96.65% and total cumulative return in cash reaches $145,780. For financing, Ziffy Mortgage’s DSCR program evaluates $2,878/mo property income against a $2,227/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13905, Binghamton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,068 (100%) |
| Owner Occupied HU | 5,281 (37.5%) |
| Renter Occupied HU | 6,678 (47.5%) |
| Vacant Housing Units | 2,109 (15.0%) |
| Median Home Value | $162,713 |
| Average Home Value | $219,383 |
Housing Distribution
Address Breakdown
Residential
11,769
Single Family
10,232
Multi-Family
1,537
Businesses
625
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Listed by: John J. Farrell • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls ID: #333477