35 2nd 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 35 2nd St, Binghamton, NY, 13903 priced at $699,000 converts $3,000/mo rent into after a $3,421/mo obligation. Total monthly income equals $3,000/mo. Return on cash invested prints 11.36% in year one, and rental yield reads 5.15% against a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation compiles into $193,121 by year five. Five-year ROI reaches 57.61% and total cumulative return in cash sums $132,494. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $3,421/mo payment, not borrower’s personal income.
Multi Family
Built in 1990
0.41 Acres 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: Travis O'Dell • Land and Water Realty LLC
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1581827
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