37 Spring Forest AveBinghamtonNY13905
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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 37 Spring Forest Ave, Binghamton, NY, 13905 offers $1,395/mo rent that, after a $734/mo payment, leaves $394/mo cash flow. Total monthly income is $1,395/mo, and annual cash flow is $4,724/yr on $49,692 cash. Return on cash invested measures 29.42% in year one, and rental yield stands at 11.17% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 154.5% and total cumulative return in cash reaches $76,775. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,395/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.36 Acres 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: Robert J. Farrell • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls ID: #333951