704 E Hill RdBinghamtonNY13901
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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
Rental property for sale in Binghamton at 704 E Hill Rd, Binghamton, NY, 13901 offers $2,498/mo rent that, after a $1,334/mo payment, leaves $678/mo cash flow. Total monthly income is $2,498/mo, and annual cash flow is $8,136/yr on $90,342 cash. Return on cash invested measures 28.91% in year one, and rental yield stands at 11% at a $272,525 entry. Equity gained on principal adds $1,759/yr while 5% annual appreciation compounds into $75,294 by year five. Five-year ROI records 151.77% and total cumulative return in cash reaches $137,114. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,498/mo property income versus a $1,334/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
4.45 Acres 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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