20-22 Oliver StBinghamtonNY13904
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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 20-22 Oliver St, Binghamton, NY, 13904 uses $62,952 cash to close to unlock $8,524/yr annual cash flow and $710/mo monthly cash flow. Total monthly income runs $1,978/mo, and a $929/mo payment keeps the spread at $710/mo. Purchase price stands at $189,900, and rental yield measures 12.5% with $1,978/mo rent. Return on cash invested shows 33.45% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 176.14% and total cumulative return in cash records $110,885. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,978/mo property income covering a $929/mo payment rather than investor’s personal income.
Multi Family
Built in 1910
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13904, Binghamton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,321 (100%) |
| Owner Occupied HU | 2,379 (55.1%) |
| Renter Occupied HU | 1,446 (33.5%) |
| Vacant Housing Units | 496 (11.5%) |
| Median Home Value | $137,746 |
| Average Home Value | $201,710 |
Housing Distribution
Address Breakdown
Residential
3,683
Single Family
3,533
Multi-Family
150
Businesses
274
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Listed by: Jimmy A. Jones • CENTURY 21 NORTH EAST
Mls Name: GBMLS
Mls ID: #333367