301 Flint RdBinghamtonNY13905
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 301 Flint Rd, Binghamton, NY, 13905 offers $1,473/mo rent that, after a $925/mo payment, leaves $211/mo cash flow. Total monthly income is $1,473/mo, and annual cash flow is $2,531/yr on $62,654 cash. Return on cash invested measures 23.95% in year one, and rental yield stands at 9.35% at a $189,000 entry. Equity gained on principal adds $1,220/yr while 5% annual appreciation compounds into $52,217 by year five. Five-year ROI records 125.14% and total cumulative return in cash reaches $78,406. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,473/mo property income versus a $925/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1992
4.30 Acres 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: Niccole S Vaughn • WARREN REAL ESTATE (Vestal)
Mls Name: GBMLS
Mls ID: #334471