29 Saint Cyril AveBinghamtonNY13905
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 29 Saint Cyril Ave, Binghamton, NY, 13905 uses $42,101 cash to close to unlock $1,722/yr annual cash flow and $144/mo monthly cash flow. Total monthly income runs $992/mo, and a $622/mo payment keeps the spread at $144/mo. Purchase price stands at $127,000, and rental yield measures 9.37% with $992/mo rent. Return on cash invested shows 24% in year one, and 5% annual appreciation builds toward $35,088 over five years. Five-year ROI reaches 125.49% and total cumulative return in cash records $52,833. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $992/mo property income covering a $622/mo payment rather than investor’s personal income.
Single Family
Built in 1932
4,791 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Santino M. Gance • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls Provider:
Mls ID: #330612
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.