675 Chenango StBinghamtonNY13901
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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 675 Chenango St, Binghamton, NY, 13901 at $188,000 posts ROI 31.3% with $592/mo cash flow from $1,847/mo rent. Total monthly income equals $1,847/mo, and annual cash flow records $7,101/yr on $62,322 to close. Return on cash invested measures 31.3% and rental yield reads 11.79% at the current $188,000. Equity gained on principal adds $1,213/yr, and 5% annual appreciation supports $51,941 by year five. Five-year ROI prints 164.6% and total cumulative return in cash totals $102,584.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,847/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1975
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13901, Binghamton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,383 (100%) |
| Owner Occupied HU | 4,828 (46.5%) |
| Renter Occupied HU | 4,331 (41.7%) |
| Vacant Housing Units | 1,224 (11.8%) |
| Median Home Value | $174,444 |
| Average Home Value | $225,098 |
Housing Distribution
Address Breakdown
Residential
8,687
Single Family
7,511
Multi-Family
1,176
Businesses
747
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Listed by: Leo F Jones • PYRAMID BROKERAGE COMPANY
Mls Name: GBMLS
Mls Provider:
Mls ID: #331402
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.