21 Lincoln AveBinghamtonNY13905
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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
Rental property for sale in Binghamton at 21 Lincoln Ave, Binghamton, NY, 13905 priced at $274,900 pairs $2,105/mo rent with $270/mo cash flow after a $1,346/mo payment. Total monthly income equals $2,105/mo, and annual cash flow comes to $3,237/yr on $91,129 invested. Return on cash invested is 23.46% in year one, and rental yield stands at 9.19% on a $274,900 basis. Equity gained on principal adds $1,774/yr, and 5% annual appreciation accumulates to $75,950 by year five. Five-year ROI measures 122.55% and total cumulative return in cash reaches $111,675. For financing, Ziffy Mortgage’s DSCR program evaluates $2,105/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1910
6,098 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
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Listed by: John J. Farrell • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls ID: #331001