665 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
Total monthly income runs $1,685/mo, and a $4,160/mo payment. Purchase price stands at $850,000, and rental yield measures 2.38% with $1,685/mo rent. Return on cash invested shows 2.94% in year one, and 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 12.44% and total cumulative return in cash records $34,798. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,685/mo property income covering a $4,160/mo payment rather than investor’s personal income.
Multi Family
Built in 1970
0.66 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: Tara L Wetherell • HAGE REAL ESTATE
Mls Name: GBMLS
Mls Provider:
Mls ID: #330517
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.