39 Park AveBinghamtonNY13903
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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 39 Park Ave, Binghamton, NY, 13903 priced at $150,000 converts $1,947/mo rent into $946/mo cash flow after a $734/mo obligation. Total monthly income equals $1,947/mo, and annual cash flow totals $11,346/yr on $49,725 invested. Return on cash invested prints 42.73% in year one, and rental yield reads 15.58% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 225.89% and total cumulative return in cash sums $112,326. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,947/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1920
7,405 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: Carey Lynn Smith • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls ID: #332312