301 Old State RdBinghamtonNY13904
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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 301 Old State Rd, Binghamton, NY, 13904 offers a 9.44% rental yield on a $119,000 purchase with $936/mo rent. Total monthly income registers $936/mo, and a $582/mo payment leaves $142/mo available for distribution. Annual cash flow reaches $1,701/yr on $39,449 to close, and return on cash invested stands at 24.22% in year one. Equity gained on principal adds $768/yr while 5% annual appreciation supports $32,878 over five years. Portfolio math shows five-year ROI at 126.65% and total cumulative return in cash at $49,961. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $936/mo property income against a $582/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
1 Acres 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: Maureen (Mimi) Gorman • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls ID: #332575