147 Bigelow StBinghamtonNY13904
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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 147 Bigelow St, Binghamton, NY, 13904 priced at $184,900 converts $1,680/mo rent into $445/mo cash flow after a $905/mo obligation. Total monthly income equals $1,680/mo, and annual cash flow totals $5,343/yr on $61,294 invested. Return on cash invested prints 28.63% in year one, and rental yield reads 10.9% against a $184,900 entry. Equity gained on principal adds $1,193/yr, while 5% annual appreciation compiles into $51,084 by year five. Five-year ROI reaches 150.31% and total cumulative return in cash sums $92,131. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,680/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1940
N/A 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
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Listed by: Ty Fish • HOWARD HANNA
Mls Name: GBMLS
Mls ID: #333145