22 Hancock StBinghamtonNY13903
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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 22 Hancock St, Binghamton, NY, 13903 with 5% annual appreciation on a $140,000 basis while $1,518/mo rent supports operations. Total monthly income totals $1,518/mo and a $685/mo payment preserves $583/mo for cash returns. Annual cash flow comes to $7,000/yr on $46,410 deployed, and return on cash invested reaches 34.99% in year one. Equity gained on principal adds $903/yr, and five-year appreciation sums $38,679 alongside rental yield of 13.01%. Five-year ROI measures 184.43% and total cumulative return in cash totals $85,594.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,518/mo property income versus a $685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1900
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13903, Binghamton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,954 (100%) |
| Owner Occupied HU | 5,123 (57.2%) |
| Renter Occupied HU | 2,916 (32.6%) |
| Vacant Housing Units | 915 (10.2%) |
| Median Home Value | $175,311 |
| Average Home Value | $220,383 |
Housing Distribution
Address Breakdown
Residential
7,773
Single Family
7,416
Multi-Family
357
Businesses
297
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Listed by: Kerry Springer • CENTURY 21 NORTH EAST
Mls Name: GBMLS
Mls Provider:
Mls ID: #328400
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.