28 Riverside DrBinghamtonNY13905
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
Investment property for sale in Binghamton at 28 Riverside Dr, Binghamton, NY, 13905 at $189,000 posts ROI 24.58% with $244/mo cash flow from $1,506/mo rent. Total monthly income equals $1,506/mo, and annual cash flow records $2,927/yr on $62,654 to close. Return on cash invested measures 24.58% and rental yield reads 9.56% at the current $189,000. Equity gained on principal adds $1,220/yr, and 5% annual appreciation supports $52,217 by year five. Five-year ROI prints 128.53% and total cumulative return in cash totals $80,530.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,506/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
3,920 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: Mary Ruffo • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls ID: #334447