60 E Thomas 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
Rental property for sale in Binghamton at 60 E Thomas St, Binghamton, NY, 13901 priced at $104,000 pairs $780/mo rent with $86/mo cash flow after a $509/mo payment. Total monthly income equals $780/mo, and annual cash flow comes to $1,026/yr on $34,476 invested. Return on cash invested is 22.89% in year one, and rental yield stands at 9% on a $104,000 basis. Equity gained on principal adds $671/yr, and 5% annual appreciation accumulates to $28,733 by year five. Five-year ROI measures 119.53% and total cumulative return in cash reaches $41,208. For financing, Ziffy Mortgage’s DSCR program evaluates $780/mo property income against a $509/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
10,454 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: Brian Brockman • Bang Realty
Mls Name: My State MLS
Mls ID: #11637985