22 Rochelle RdBinghamtonNY13901
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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 22 Rochelle Rd, Binghamton, NY, 13901 priced at $230,000 pairs $2,084/mo rent with $548/mo cash flow after a $1,126/mo payment. Total monthly income equals $2,084/mo, and annual cash flow comes to $6,574/yr on $76,245 invested. Return on cash invested is 28.53% in year one, and rental yield stands at 10.87% on a $230,000 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,545 by year five. Five-year ROI measures 149.72% and total cumulative return in cash reaches $114,151. For financing, Ziffy Mortgage’s DSCR program evaluates $2,084/mo property income against a $1,126/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1951
10,018 sqft 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
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Listed by: Jessica L. Dillenbeck • JESSICA DILLENBECK REAL ESTATE LLC
Mls Name: GBMLS
Mls ID: #334335