122 Mason AveBinghamtonNY13904
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 122 Mason Ave, Binghamton, NY, 13904 in Binghamton. Priced at $164,900, it generates $2,022/mo in gross rent and $921/mo in net monthly cash flow, a 14.71% yield that comfortably supports the 2.73 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $11,050. Five-year appreciation: $45,559. Equity from principal paydown: $1,519/yr. Total projected cumulative return: $122,165.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.7% | 8.7% |
| Monthly Cash Flow | $921 | $850 |
City averages based on Binghamton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,022 |
| Total Monthly Debt Service | $1,036 |
| DSCR Ratio | 1.95x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Ruffo • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls ID: #332366