660 North RdBinghamtonNY13904
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 660 North Rd, Binghamton, NY, 13904 priced at $185,900 pairs $1,680/mo rent with $438/mo cash flow after a $910/mo payment. Total monthly income equals $1,680/mo, and annual cash flow comes to $5,262/yr on $61,626 invested. Return on cash invested is 28.45% in year one, and rental yield stands at 10.84% on a $185,900 basis. Equity gained on principal adds $1,200/yr, and 5% annual appreciation accumulates to $51,361 by year five. Five-year ROI measures 149.33% and total cumulative return in cash reaches $92,025. For financing, Ziffy Mortgage’s DSCR program evaluates $1,680/mo property income against a $910/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
8.10 Acres 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
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Listed by: Sherry M. Johnson • Howard Hanna
Mls Name: NYSAMLSs
Mls ID: #R1641565