109 S Washington StBinghamtonNY13903
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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 S Washington St, Binghamton, NY, 13903 listed at $180,412 pairs $2,493/mo rent with a $883/mo payment to leave $1,288/mo cash flow. Total monthly income runs $2,493/mo, and annual cash flow reaches $15,459/yr on $59,807 cash to close. Return on cash invested measures 45.76% in year one, and rental yield registers 16.58% at a $180,412 basis. Equity gained on principal adds $1,164/yr, and annual property appreciation at 5% supports $49,845 by year five. Five-year ROI tracks 242.16% and total cumulative return in cash totals $144,830. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,493/mo property income relative to a $883/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1890
0.32 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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Listed by: Christopher Lake • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls Provider:
Mls ID: #317871
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.