16 Clarence StBinghamtonNY13903
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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 16 Clarence St, Binghamton, NY, 13903 offers $960/mo rent that, after a $622/mo payment, leaves $112/mo cash flow. Total monthly income is $960/mo, and annual cash flow is $1,338/yr on $42,101 cash. Return on cash invested measures 23.09% in year one, and rental yield stands at 9.07% at a $127,000 entry. Equity gained on principal adds $820/yr while 5% annual appreciation compounds into $35,088 by year five. Five-year ROI records 120.59% and total cumulative return in cash reaches $50,769. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $960/mo property income versus a $622/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
9,147 sqft lot
$N/A/sqft
No 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: Jessica L. Dillenbeck • JESSICA DILLENBECK REAL ESTATE LLC
Mls Name: GBMLS
Mls Provider:
Mls ID: #330349
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.