256 Main 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
Investment property for sale in Binghamton at 256 Main St, Binghamton, NY, 13905 with 5% annual appreciation on a $410,000 basis while $5,197/mo rent supports operations. Total monthly income totals $5,197/mo and a $2,007/mo payment preserves $2,459/mo for cash returns. Annual cash flow comes to $29,506/yr on $135,915 deployed, and return on cash invested reaches 41.62% in year one. Equity gained on principal adds $2,646/yr, and five-year appreciation sums $113,275 alongside rental yield of 15.21%. Five-year ROI measures 219.9% and total cumulative return in cash totals $298,871.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,197/mo property income versus a $2,007/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1900
8,850 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: Matthew Karlgut • INNOVATIVE COMMERCIAL ADVISORS
Mls Name: GBMLS
Mls Provider:
Mls ID: #326640
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.