4 Penston RdBinghamtonNY13903
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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 Penston Rd, Binghamton, NY, 13903 at $249,900 posts ROI 26.95% with $486/mo cash flow from $2,155/mo rent. Total monthly income equals $2,155/mo, and annual cash flow records $5,836/yr on $82,842 to close. Return on cash invested measures 26.95% and rental yield reads 10.35% at the current $249,900. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 by year five. Five-year ROI prints 141.28% and total cumulative return in cash totals $117,038.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,155/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
7,800 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: Ty Fish • HOWARD HANNA
Mls Name: GBMLS
Mls Provider:
Mls ID: #330642
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.