24 Baxter StBinghamtonNY13905
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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 24 Baxter St, Binghamton, NY, 13905 priced at $125,000 converts $1,309/mo rent into $474/mo cash flow after a $612/mo obligation. Total monthly income equals $1,309/mo, and annual cash flow totals $5,689/yr on $41,438 invested. Return on cash invested prints 33.64% in year one, and rental yield reads 12.57% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 177.21% and total cumulative return in cash sums $73,433. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,309/mo property income covering a $612/mo payment, not borrower’s personal income.
Multi Family
Built in 1940
3,484 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: Laura Melville • WARREN REAL ESTATE (FRONT STREET)
Mls Name: GBMLS
Mls ID: #334338