112 Broad AveBinghamtonNY13904
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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 112 Broad Ave, Binghamton, NY, 13904 listed at $169,900 pairs $1,302/mo rent with a $832/mo payment to leave $167/mo cash flow. Total monthly income runs $1,302/mo, and annual cash flow reaches $2,004/yr on $56,322 cash to close. Return on cash invested measures 23.47% in year one, and rental yield registers 9.2% at a $169,900 basis. Equity gained on principal adds $1,096/yr, and annual property appreciation at 5% supports $46,940 by year five. Five-year ROI tracks 122.68% and total cumulative return in cash totals $69,098. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,302/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1940
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13904, Binghamton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,321 (100%) |
| Owner Occupied HU | 2,379 (55.1%) |
| Renter Occupied HU | 1,446 (33.5%) |
| Vacant Housing Units | 496 (11.5%) |
| Median Home Value | $137,746 |
| Average Home Value | $201,710 |
Housing Distribution
Address Breakdown
Residential
3,683
Single Family
3,533
Multi-Family
150
Businesses
274
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Listed by: Carrie King • NextHome Kingdom
Mls Name: NextHome
Mls ID: #331915