827 Conklin RdConklinNY13903
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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 Conklin at 827 Conklin Rd, Conklin, NY, 13903 priced at $142,500 converts $3,000/mo rent into $2,049/mo cash flow after a $697/mo obligation. Total monthly income equals $3,000/mo, and annual cash flow totals $24,587/yr on $47,239 invested. Return on cash invested prints 71.96% in year one, and rental yield reads 25.26% against a $142,500 entry. Equity gained on principal adds $920/yr, while 5% annual appreciation compiles into $39,370 by year five. Five-year ROI reaches 382.6% and total cumulative return in cash sums $180,735. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $697/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.49 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: Zenaida Rosario • EXIT REALTY FRONT AND CENTER
Mls Name: GBMLS
Mls Provider:
Mls ID: #326967
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.