631 Conklin RdBinghamtonNY13903
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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 631 Conklin Rd, Binghamton, NY, 13903 earns $337/mo cash flow from $1,271/mo rent with a $685/mo payment. Total monthly income totals $1,271/mo, and annual cash flow totals $4,038/yr on $46,377 capital. ROI tracks 28.62% on current figures, and rental yield reads 10.9% at a $139,900 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,652 over five years. Five-year ROI reaches 150.24% and total cumulative return in cash sums $69,675. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,271/mo property income instead of your personal income.
Single Family
Built in 1920
0.28 Acres 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: Barbara Cokely • HOWARD HANNA
Mls Name: GBMLS
Mls Provider:
Mls ID: #327747
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.