115 Dorman RdBinghamtonNY13901
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $2,640/mo, and a $1,943/mo payment. Purchase price stands at $396,900, and rental yield measures 7.98% with $2,640/mo rent. Return on cash invested shows 19.81% in year one, and 5% annual appreciation builds toward $109,656 over five years. Five-year ROI reaches 102.97% and total cumulative return in cash records $135,483. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,640/mo property income covering a $1,943/mo payment rather than investor’s personal income.
Single Family
Built in 1981
2.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13901, Binghamton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,383 (100%) |
| Owner Occupied HU | 4,828 (46.5%) |
| Renter Occupied HU | 4,331 (41.7%) |
| Vacant Housing Units | 1,224 (11.8%) |
| Median Home Value | $174,444 |
| Average Home Value | $225,098 |
Housing Distribution
Address Breakdown
Residential
8,687
Single Family
7,511
Multi-Family
1,176
Businesses
747
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rebecca C. Olivet • KELLER WILLIAMS REALTY GREATER BINGHAMTON
Mls Name: GBMLS
Mls ID: #333604