64 Louisa StBinghamtonNY13904
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
Investment property for sale in Binghamton at 64 Louisa St, Binghamton, NY, 13904 uses $43,062 cash to close to unlock $7,144/yr annual cash flow and $595/mo monthly cash flow. Total monthly income runs $1,463/mo, and a $636/mo payment keeps the spread at $595/mo. Purchase price stands at $129,900, and rental yield measures 13.52% with $1,463/mo rent. Return on cash invested shows 36.5% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 192.52% and total cumulative return in cash records $82,903. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,463/mo property income covering a $636/mo payment rather than investor’s personal income.
Multi Family
Built in 1910
9,600 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diane K. White • WARREN REAL ESTATE (Vestal)
Mls Name: GBMLS
Mls ID: #334068