301 Stratmill RdBinghamtonNY13904
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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 301 Stratmill Rd, Binghamton, NY, 13904 uses $48,366 cash to close to unlock $8,470/yr annual cash flow and $706/mo monthly cash flow. Total monthly income runs $1,680/mo, and a $714/mo payment keeps the spread at $706/mo. Purchase price stands at $145,900, and rental yield measures 13.82% with $1,680/mo rent. Return on cash invested shows 37.42% in year one, and 5% annual appreciation builds toward $40,309 over five years. Five-year ROI reaches 197.43% and total cumulative return in cash records $95,487. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $714/mo payment rather than investor’s personal income.
Manufactured
Built in 1972
4.40 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: Ann M Kachmar • EXIT REALTY FRONT AND CENTER
Mls Name: GBMLS
Mls ID: #331552