31 Parsons StBinghamtonNY13903
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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 Parsons St, Binghamton, NY, 13903 priced at $129,000 converts $1,390/mo rent into $529/mo cash flow after a $631/mo obligation. Total monthly income equals $1,390/mo, and annual cash flow totals $6,347/yr on $42,764 invested. Return on cash invested prints 34.75% in year one, and rental yield reads 12.93% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 183.07% and total cumulative return in cash sums $78,289. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,390/mo property income covering a $631/mo payment, not borrower’s personal income.
Multi Family
Built in 1927
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13903, Binghamton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,954 (100%) |
| Owner Occupied HU | 5,123 (57.2%) |
| Renter Occupied HU | 2,916 (32.6%) |
| Vacant Housing Units | 915 (10.2%) |
| Median Home Value | $175,311 |
| Average Home Value | $220,383 |
Housing Distribution
Address Breakdown
Residential
7,773
Single Family
7,416
Multi-Family
357
Businesses
297
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Listed by: Qizhan (Jack Yao • REALMART REALTY LLC
Mls Name: GBMLS
Mls ID: #332270