183 Chapin 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 183 Chapin St, Binghamton, NY, 13905 listed at $165,100 pairs $1,726/mo rent with a $808/mo payment to leave $624/mo cash flow. Total monthly income runs $1,726/mo, and annual cash flow reaches $7,483/yr on $54,731 cash to close. Return on cash invested measures 33.58% in year one, and rental yield registers 12.55% at a $165,100 basis. Equity gained on principal adds $1,065/yr, and annual property appreciation at 5% supports $45,614 by year five. Five-year ROI tracks 176.84% and total cumulative return in cash totals $96,787. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,726/mo property income relative to a $808/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
N/A 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: N/A • N/A
Mls Name: EXIT Realty broker feed
Mls ID: #327400