26 Ritchie 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
Investment property for sale in Binghamton at 26 Ritchie Rd, Binghamton, NY, 13901 uses $56,355 cash to close to unlock $5,098/yr annual cash flow and $425/mo monthly cash flow. Total monthly income runs $1,560/mo, and a $832/mo payment keeps the spread at $425/mo. Purchase price stands at $169,999, and rental yield measures 11.01% with $1,560/mo rent. Return on cash invested shows 28.96% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 152.01% and total cumulative return in cash records $85,665. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,560/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1955
7,840 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: Andrea Brown • HOWARD HANNA
Mls Name: GBMLS
Mls Provider:
Mls ID: #330460
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.