62 Decatur StBinghamtonNY13903
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 62 Decatur St, Binghamton, NY, 13903 priced at $195,000 pairs $1,551/mo rent with $249/mo cash flow after a $954/mo payment. Total monthly income equals $1,551/mo, and annual cash flow comes to $2,991/yr on $64,643 invested. Return on cash invested is 24.54% in year one, and rental yield stands at 9.54% on a $195,000 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,875 by year five. Five-year ROI measures 128.35% and total cumulative return in cash reaches $82,966. For financing, Ziffy Mortgage’s DSCR program evaluates $1,551/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1983
10,454 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: Thomas J Reid • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls ID: #331926