375 Prospect 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
Investment property for sale in Binghamton at 375 Prospect St, Binghamton, NY, 13905 earns $798/mo cash flow from $1,633/mo rent with a $612/mo payment. Total monthly income totals $1,633/mo, and annual cash flow totals $9,577/yr on $41,438 capital. ROI tracks 43.02% on current figures, and rental yield reads 15.68% at a $125,000 purchase. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 over five years. Five-year ROI reaches 227.54% and total cumulative return in cash sums $94,289. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,633/mo property income instead of your personal income.
Multi Family
Built in 1936
3,049 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: Diane M Kerth • HOWARD HANNA
Mls Name: GBMLS
Mls Provider:
Mls ID: #320713
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.