75 Homer StBinghamtonNY13903
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
Investment property for sale in Binghamton at 75 Homer St, Binghamton, NY, 13903 at $136,900 posts ROI 24.64% with $179/mo cash flow from $1,093/mo rent. Total monthly income equals $1,093/mo, and annual cash flow records $2,146/yr on $45,382 to close. Return on cash invested measures 24.64% and rental yield reads 9.58% at the current $136,900. Equity gained on principal adds $883/yr, and 5% annual appreciation supports $37,823 by year five. Five-year ROI prints 128.85% and total cumulative return in cash totals $58,473.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,093/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
0.32 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: Diane M Kerth • HOWARD HANNA
Mls Name: GBMLS
Mls ID: #333449