20 Bigelow StBinghamtonNY13904
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
Rental property for sale in Binghamton at 20 Bigelow St, Binghamton, NY, 13904 priced at $164,900 converts $1,289/mo rent into $188/mo cash flow after a $807/mo obligation. Total monthly income equals $1,289/mo, and annual cash flow totals $2,255/yr on $54,664 invested. Return on cash invested prints 24.03% in year one, and rental yield reads 9.38% against a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation compiles into $45,559 by year five. Five-year ROI reaches 125.6% and total cumulative return in cash sums $68,656. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,289/mo property income covering a $807/mo payment, not borrower’s personal income.
Single Family
Built in 1900
5,662 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert J. Farrell • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls ID: #333725