5 Riverside Dr APT 207BinghamtonNY13905
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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 Riverside Dr APT 207, Binghamton, NY, 13905 earns $566/mo cash flow from $1,535/mo rent with a $710/mo payment. Total monthly income totals $1,535/mo, and annual cash flow totals $6,797/yr on $48,068 capital. ROI tracks 34.05% on current figures, and rental yield reads 12.7% at a $145,000 purchase. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 over five years. Five-year ROI reaches 179.36% and total cumulative return in cash sums $86,216. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,535/mo property income instead of your personal income.
Condo
Built in 1968
N/A 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: Laura Melville • WARREN REAL ESTATE (FRONT STREET)
Mls Name: GBMLS
Mls ID: #332153