16 Haendel StBinghamtonNY13905
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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
Investment property for sale in Binghamton at 16 Haendel St, Binghamton, NY, 13905 earns $997/mo cash flow from $2,092/mo rent with a $803/mo payment. Total monthly income totals $2,092/mo, and annual cash flow totals $11,958/yr on $54,366 capital. ROI tracks 41.91% on current figures, and rental yield reads 15.31% at a $164,000 purchase. Equity gained on principal adds $1,058/yr, and 5% annual appreciation supports $45,310 over five years. Five-year ROI reaches 221.47% and total cumulative return in cash sums $120,405. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,092/mo property income instead of your personal income.
Single Family
Built in 1930
3,920 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
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Listed by: Tara Cataldi • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls ID: #332497