31 Cypress StBinghamtonNY13905
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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
Rental property for sale in Binghamton at 31 Cypress St, Binghamton, NY, 13905 generates $857/mo in rent and, after a $538/mo payment, leaves $123/mo in cash flow. Total monthly income is $857/mo, and annual cash flow is $1,474/yr on $36,465 invested. Return on cash invested sits at 23.95% in year one, and rental yield is 9.35% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 125.15% and total cumulative return in cash sums $45,636. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $857/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
2,004 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
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Listed by: Adon Edwards • WARREN REAL ESTATE (Vestal)
Mls Name: GBMLS
Mls Provider:
Mls ID: #328189
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.