109 Home AveBinghamtonNY13903
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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 Binghamton at 109 Home Ave, Binghamton, NY, 13903 uses $89,174 cash to close to unlock $7,395/yr annual cash flow and $616/mo monthly cash flow. Total monthly income runs $2,413/mo, and a $1,317/mo payment keeps the spread at $616/mo. Purchase price stands at $269,000, and rental yield measures 10.76% with $2,413/mo rent. Return on cash invested shows 28.2% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 147.98% and total cumulative return in cash records $131,963. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,413/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Single Family
Built in 1989
7,405 sqft 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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Listed by: Liam P Mallon • WARREN REAL ESTATE (FRONT STREET)
Mls Name: GBMLS
Mls ID: #332206