124 Bigelow StBinghamtonNY13904
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
Investment property for sale in Binghamton at 124 Bigelow St, Binghamton, NY, 13904 uses $47,736 cash to close to unlock $10,346/yr annual cash flow and $862/mo monthly cash flow. Total monthly income runs $1,824/mo, and a $705/mo payment keeps the spread at $862/mo. Purchase price stands at $144,000, and rental yield measures 15.2% with $1,824/mo rent. Return on cash invested shows 41.58% in year one, and 5% annual appreciation builds toward $39,785 over five years. Five-year ROI reaches 219.8% and total cumulative return in cash records $104,922. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,824/mo property income covering a $705/mo payment rather than investor’s personal income.
Single Family
Built in 1950
10,454 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: Weslie W VanVoorhis • EXIT REALTY FRONT AND CENTER
Mls Name: GBMLS
Mls Provider:
Mls ID: #331538
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.