136 Chapin StBinghamtonNY13905
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
Rental property for sale in Binghamton at 136 Chapin St, Binghamton, NY, 13905 offers $1,091/mo rent that, after a $4,547/mo payment. Total monthly income is $1,091/mo. Return on cash invested measures -0.01% in year one, and rental yield stands at 1.41% at a $929,000 entry. Equity gained on principal adds $5,995/yr while 5% annual appreciation compounds into $256,666 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,091/mo property income versus a $4,547/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1970
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13905, Binghamton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,068 (100%) |
| Owner Occupied HU | 5,281 (37.5%) |
| Renter Occupied HU | 6,678 (47.5%) |
| Vacant Housing Units | 2,109 (15.0%) |
| Median Home Value | $162,713 |
| Average Home Value | $219,383 |
Housing Distribution
Address Breakdown
Residential
11,769
Single Family
10,232
Multi-Family
1,537
Businesses
625
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Warren • INNOVATIVE COMMERCIAL ADVISORS
Mls Name: GBMLS
Mls ID: #334002