19 Laurel AveBinghamtonNY13905
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 19 Laurel Ave, Binghamton, NY, 13905 with 5% annual appreciation on a $230,000 basis while $2,439/mo rent supports operations. Total monthly income totals $2,439/mo and a $1,126/mo payment preserves $903/mo for cash returns. Annual cash flow comes to $10,834/yr on $76,245 deployed, and return on cash invested reaches 34.12% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,545 alongside rental yield of 12.73%. Five-year ROI measures 179.68% and total cumulative return in cash totals $136,999.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,439/mo property income versus a $1,126/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
6,534 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christina Schaefer • WARREN REAL ESTATE (Vestal)
Mls Name: GBMLS
Mls ID: #333518