13 Weslar CtBinghamtonNY13903
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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 13 Weslar Ct, Binghamton, NY, 13903 generates $2,635/mo in rent and, after a $861/mo payment, leaves $1,269/mo in cash flow. Total monthly income is $2,635/mo, and annual cash flow is $15,230/yr on $58,344 invested. Return on cash invested sits at 46.01% in year one, and rental yield is 17.97% on a $176,000 entry. Equity gained on principal adds $1,136/yr, while 5% annual appreciation builds toward $48,626 over five years. Five-year ROI reaches 244.96% and total cumulative return in cash sums $142,917. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,635/mo property income rather than buyer’s personal income.
Townhouse
Built in 1990
3,049 sqft lot
$N/A/sqft
$191 monthly 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: Joseph E Gehl • GEHLCO REALTY
Mls Name: GBMLS
Mls Provider:
Mls ID: #326578
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.