11 Bond 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 11 Bond St, Binghamton, NY, 13903 offers a 19.44% rental yield on a $163,000 purchase with $2,640/mo rent. Total monthly income registers $2,640/mo, and a $798/mo payment leaves $1,551/mo available for distribution. Annual cash flow reaches $18,616/yr on $54,035 to close, and return on cash invested stands at 54.36% in year one. Equity gained on principal adds $1,052/yr while 5% annual appreciation supports $45,034 over five years. Portfolio math shows five-year ROI at 288.27% and total cumulative return in cash at $155,767. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,640/mo property income against a $798/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
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: Carey Lynn Smith • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls Provider:
Mls ID: #326038
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.