120 Conklin AveBinghamtonNY13903
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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 120 Conklin Ave, Binghamton, NY, 13903 listed at $112,069 pairs $2,029/mo rent with a $549/mo payment to leave $1,280/mo cash flow. Total monthly income runs $2,029/mo, and annual cash flow reaches $15,362/yr on $37,151 cash to close. Return on cash invested measures 61.26% in year one, and rental yield registers 21.73% at a $112,069 basis. Equity gained on principal adds $723/yr, and annual property appreciation at 5% supports $30,963 by year five. Five-year ROI tracks 325.37% and total cumulative return in cash totals $120,877. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,029/mo property income relative to a $549/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Apartment
Built in 1900
4,625 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: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A