7 Charlotte StBinghamtonNY13905
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 7 Charlotte St, Binghamton, NY, 13905 offers $1,475/mo rent that, after a $587/mo payment, leaves $674/mo cash flow. Total monthly income is $1,475/mo, and annual cash flow is $8,090/yr on $39,743 cash. Return on cash invested measures 40.27% in year one, and rental yield stands at 14.76% at a $119,888 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,123 by year five. Five-year ROI records 212.77% and total cumulative return in cash reaches $84,560. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,475/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1854
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13905, Binghamton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,068 (100%) |
| Owner Occupied HU | 5,281 (37.5%) |
| Renter Occupied HU | 6,678 (47.5%) |
| Vacant Housing Units | 2,109 (15.0%) |
| Median Home Value | $162,713 |
| Average Home Value | $219,383 |
Housing Distribution
Address Breakdown
Residential
11,769
Single Family
10,232
Multi-Family
1,537
Businesses
625
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joseph V. Lombardo • Lombardo Homes & Estates
Mls Name: NYSAMLSs
Mls ID: #R1655074