765 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
Rental property for sale in Binghamton at 765 Chenango St, Binghamton, NY, 13901 generates $839/mo in rent and, after a $541/mo payment, leaves $101/mo in cash flow. Total monthly income is $839/mo, and annual cash flow is $1,211/yr on $36,631 invested. Return on cash invested sits at 23.22% in year one, and rental yield is 9.11% on a $110,500 entry. Equity gained on principal adds $713/yr, while 5% annual appreciation builds toward $30,529 over five years. Five-year ROI reaches 121.21% and total cumulative return in cash sums $44,401. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $839/mo property income rather than buyer’s personal income.
Single Family
Built in 1880
0.31 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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Listed by: Karen Louise Whalen • KELLER WILLIAMS REALTY GREATER BINGHAMTON
Mls Name: GBMLS
Mls Provider:
Mls ID: #330392
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.