2130 & 2116 Route 12BinghamtonNY13901
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 2130 & 2116 Route 12, Binghamton, NY, 13901 listed at $455,000 pairs $2,640/mo rent with a $2,227/mo payment. Total monthly income runs $2,640/mo. Return on cash invested measures 16.74% in year one, and rental yield registers 6.96% at a $455,000 basis. Equity gained on principal adds $2,936/yr, and annual property appreciation at 5% supports $125,708 by year five. Five-year ROI tracks 86.48% and total cumulative return in cash totals $130,444. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,640/mo property income relative to a $2,227/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1979
5.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13901, Binghamton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,383 (100%) |
| Owner Occupied HU | 4,828 (46.5%) |
| Renter Occupied HU | 4,331 (41.7%) |
| Vacant Housing Units | 1,224 (11.8%) |
| Median Home Value | $174,444 |
| Average Home Value | $225,098 |
Housing Distribution
Address Breakdown
Residential
8,687
Single Family
7,511
Multi-Family
1,176
Businesses
747
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patricia A. Mulrooney • CENTURY 21 NORTH EAST
Mls Name: GBMLS
Mls ID: #334230