6 Alice 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 6 Alice St, Binghamton, NY, 13901 earns $107/mo cash flow from $1,602/mo rent with a $1,096/mo payment. Total monthly income totals $1,602/mo, and annual cash flow totals $1,278/yr on $74,256 capital. ROI tracks 21.63% on current figures, and rental yield reads 8.58% at a $224,000 purchase. Equity gained on principal adds $1,445/yr, and 5% annual appreciation supports $61,887 over five years. Five-year ROI reaches 112.73% and total cumulative return in cash sums $83,707. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,602/mo property income instead of your personal income.
Single Family
Built in 1956
8,280 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: Shirley Cundy • HOWARD HANNA
Mls Name: GBMLS
Mls Provider:
Mls ID: #330351
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.