3 Grandview AveBinghamtonNY13904
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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 3 Grandview Ave, Binghamton, NY, 13904 earns $1,012/mo cash flow from $1,847/mo rent with a $612/mo payment. Total monthly income totals $1,847/mo, and annual cash flow totals $12,145/yr on $41,438 capital. ROI tracks 49.22% on current figures, and rental yield reads 17.73% at a $125,000 purchase. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 over five years. Five-year ROI reaches 260.79% and total cumulative return in cash sums $108,065. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,847/mo property income instead of your personal income.
Single Family
Built in 1940
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13904, Binghamton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,321 (100%) |
| Owner Occupied HU | 2,379 (55.1%) |
| Renter Occupied HU | 1,446 (33.5%) |
| Vacant Housing Units | 496 (11.5%) |
| Median Home Value | $137,746 |
| Average Home Value | $201,710 |
Housing Distribution
Address Breakdown
Residential
3,683
Single Family
3,533
Multi-Family
150
Businesses
274
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Listed by: Laura Melville • WARREN REAL ESTATE (FRONT STREET)
Mls Name: GBMLS
Mls ID: #333478