17 McNamara AveBinghamtonNY13903
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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 17 McNamara Ave, Binghamton, NY, 13903 priced at $229,900 pairs $1,424/mo rent with after a $1,125/mo payment. Total monthly income equals $1,424/mo. Return on cash invested is 18.16% in year one, and rental yield stands at 7.43% on a $229,900 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,517 by year five. Five-year ROI measures 94.17% and total cumulative return in cash reaches $71,771. For financing, Ziffy Mortgage’s DSCR program evaluates $1,424/mo property income against a $1,125/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1920
4,324 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: Shannon Hays-Gruss • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls ID: #332458