263 Port RdBinghamtonNY13901
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 263 Port Rd, Binghamton, NY, 13901 offers $2,640/mo rent that, after a $763/mo payment, leaves $1,599/mo cash flow. Total monthly income is $2,640/mo, and annual cash flow is $19,188/yr on $51,681 cash. Return on cash invested measures 57.04% in year one, and rental yield stands at 20.32% at a $155,900 entry. Equity gained on principal adds $1,006/yr while 5% annual appreciation compounds into $43,072 by year five. Five-year ROI records 302.55% and total cumulative return in cash reaches $156,358. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,640/mo property income versus a $763/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.60 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Weslie W VanVoorhis • EXIT REALTY FRONT AND CENTER
Mls Name: GBMLS
Mls Provider:
Mls ID: #326653
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.