55 Broad AveBinghamtonNY13904
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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 55 Broad Ave, Binghamton, NY, 13904 uses $56,355 cash to close to unlock $3,670/yr annual cash flow and $306/mo monthly cash flow. Total monthly income runs $1,441/mo, and a $832/mo payment keeps the spread at $306/mo. Purchase price stands at $170,000, and rental yield measures 10.17% with $1,441/mo rent. Return on cash invested shows 26.42% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 138.42% and total cumulative return in cash records $78,009. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,441/mo property income covering a $832/mo payment rather than investor’s personal income.
Multi Family
Built in 1930
6,098 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: John J. Farrell • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls ID: #333584