16 Oliver 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
Investment property for sale in Binghamton at 16 Oliver St, Binghamton, NY, 13904 earns $346/mo cash flow from $1,315/mo rent with a $710/mo payment. Total monthly income totals $1,315/mo, and annual cash flow totals $4,157/yr on $48,068 capital. ROI tracks 28.56% on current figures, and rental yield reads 10.88% at a $145,000 purchase. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 over five years. Five-year ROI reaches 149.93% and total cumulative return in cash sums $72,068. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,315/mo property income instead of your personal income.
Multi Family
Built in 1926
6,800 sqft 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: Charles Ackerman • ACKERMANRE LLC
Mls Name: GBMLS
Mls Provider:
Mls ID: #327770
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.