14 Kolb RdBinghamtonNY13905
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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 14 Kolb Rd, Binghamton, NY, 13905 generates $1,334/mo in rent and, after a $856/mo payment, leaves $166/mo in cash flow. Total monthly income is $1,334/mo, and annual cash flow is $1,993/yr on $57,979 invested. Return on cash invested sits at 23.35% in year one, and rental yield is 9.15% on a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 122.01% and total cumulative return in cash sums $70,740. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,334/mo property income rather than buyer’s personal income.
Single Family
Built in 1905
9.78 Acres 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
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Listed by: R. Karl Zandt • EXIT REALTY FRONT AND CENTER
Mls Name: GBMLS
Mls ID: #332203