4 Addison Ct #4BinghamtonNY13904
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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 4 Addison Ct #4, Binghamton, NY, 13904 uses $71,239 cash to close to unlock $2,937/yr annual cash flow and $245/mo monthly cash flow. Total monthly income runs $1,680/mo, and a $1,052/mo payment keeps the spread at $245/mo. Purchase price stands at $214,900, and rental yield measures 9.38% with $1,680/mo rent. Return on cash invested shows 24.03% in year one, and 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 125.62% and total cumulative return in cash records $89,490. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Townhouse
Built in 1989
3,066 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: Frances A Cook • FRANCES A. COOK
Mls Name: GBMLS
Mls Provider:
Mls ID: #330325
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.