122 Mason 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
Rental property for sale in Binghamton at 122 Mason Ave, Binghamton, NY, 13904 generates $2,022/mo in rent and, after a $807/mo payment, leaves $921/mo in cash flow. Total monthly income is $2,022/mo, and annual cash flow is $11,051/yr on $54,664 invested. Return on cash invested sits at 40.13% in year one, and rental yield is 14.71% on a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 211.89% and total cumulative return in cash sums $115,828. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,022/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
4,800 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: Mary Ruffo • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls ID: #332366