12 Wilson StBinghamtonNY13905
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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
Rental property for sale in Binghamton at 12 Wilson St, Binghamton, NY, 13905 priced at $180,000 converts $3,490/mo rent into $2,288/mo cash flow after a $881/mo obligation. Total monthly income equals $3,490/mo, and annual cash flow totals $27,456/yr on $59,670 invested. Return on cash invested prints 65.92% in year one, and rental yield reads 23.27% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 350.21% and total cumulative return in cash sums $208,973. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,490/mo property income covering a $881/mo payment, not borrower’s personal income.
Multi Family
Built in 1960
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13905, Binghamton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,068 (100%) |
| Owner Occupied HU | 5,281 (37.5%) |
| Renter Occupied HU | 6,678 (47.5%) |
| Vacant Housing Units | 2,109 (15.0%) |
| Median Home Value | $162,713 |
| Average Home Value | $219,383 |
Housing Distribution
Address Breakdown
Residential
11,769
Single Family
10,232
Multi-Family
1,537
Businesses
625
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Listed by: Jonathan Hart • HOWARD HANNA
Mls Name: GBMLS
Mls Provider:
Mls ID: #326986
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.