51 2nd StBinghamtonNY13903
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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 51 2nd St, Binghamton, NY, 13903 offers a 8.36% rental yield on a $259,000 purchase with $1,804/mo rent. Total monthly income registers $1,804/mo, and a $1,268/mo payment leaves $74/mo available for distribution. Annual cash flow reaches $889/yr on $85,859 to close, and return on cash invested stands at 20.94% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,557 over five years. Portfolio math shows five-year ROI at 109.08% and total cumulative return in cash at $93,652. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,804/mo property income against a $1,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
5,662 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: Christina Schaefer • WARREN REAL ESTATE (Vestal)
Mls Name: GBMLS
Mls ID: #332624