18 Woodruff AveBinghamtonNY13901
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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 18 Woodruff Ave, Binghamton, NY, 13901 uses $64,643 cash to close to unlock $7,515/yr annual cash flow and $626/mo monthly cash flow. Total monthly income runs $1,928/mo, and a $954/mo payment keeps the spread at $626/mo. Purchase price stands at $195,000, and rental yield measures 11.86% with $1,928/mo rent. Return on cash invested shows 31.53% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 165.86% and total cumulative return in cash records $107,218. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,928/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1909
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13901, Binghamton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,383 (100%) |
| Owner Occupied HU | 4,828 (46.5%) |
| Renter Occupied HU | 4,331 (41.7%) |
| Vacant Housing Units | 1,224 (11.8%) |
| Median Home Value | $174,444 |
| Average Home Value | $225,098 |
Housing Distribution
Address Breakdown
Residential
8,687
Single Family
7,511
Multi-Family
1,176
Businesses
747
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Listed by: Rula Abudalo-Hull • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls ID: #333201