17 Vine 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 17 Vine St, Binghamton, NY, 13903 offers $1,592/mo rent that, after a $754/mo payment, leaves $563/mo cash flow. Total monthly income is $1,592/mo, and annual cash flow is $6,760/yr on $51,051 cash. Return on cash invested measures 33.15% in year one, and rental yield stands at 12.41% at a $154,000 entry. Equity gained on principal adds $994/yr while 5% annual appreciation compounds into $42,547 by year five. Five-year ROI records 174.56% and total cumulative return in cash reaches $89,114. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,592/mo property income versus a $754/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
7,007 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: Debbie L Ryer • NORA M. E. DAVIS REAL ESTATE
Mls Name: GBMLS
Mls ID: #334215