5 Allen StBinghamtonNY13901
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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 5 Allen St, Binghamton, NY, 13901 uses $59,670 cash to close to unlock $7,800/yr annual cash flow and $650/mo monthly cash flow. Total monthly income runs $1,852/mo, and a $881/mo payment keeps the spread at $650/mo. Purchase price stands at $180,000, and rental yield measures 12.35% with $1,852/mo rent. Return on cash invested shows 32.98% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 173.56% and total cumulative return in cash records $103,565. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,852/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13901, Binghamton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,383 (100%) |
| Owner Occupied HU | 4,828 (46.5%) |
| Renter Occupied HU | 4,331 (41.7%) |
| Vacant Housing Units | 1,224 (11.8%) |
| Median Home Value | $174,444 |
| Average Home Value | $225,098 |
Housing Distribution
Address Breakdown
Residential
8,687
Single Family
7,511
Multi-Family
1,176
Businesses
747
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Listed by: Syed Rumi • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls ID: #333872