32 Grandview AveBinghamtonNY13904
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 32 Grandview Ave, Binghamton, NY, 13904 priced at $163,000 pairs $1,859/mo rent with $770/mo cash flow after a $798/mo payment. Total monthly income equals $1,859/mo, and annual cash flow comes to $9,244/yr on $54,035 invested. Return on cash invested is 37.02% in year one, and rental yield stands at 13.69% on a $163,000 basis. Equity gained on principal adds $1,052/yr, and 5% annual appreciation accumulates to $45,034 by year five. Five-year ROI measures 195.27% and total cumulative return in cash reaches $105,511. For financing, Ziffy Mortgage’s DSCR program evaluates $1,859/mo property income against a $798/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
7,840 sqft 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: Weslie W VanVoorhis • EXIT REALTY FRONT AND CENTER
Mls Name: GBMLS
Mls ID: #332548