9 Fernwood LnBinghamtonNY13901
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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
Investment property for sale in Binghamton at 9 Fernwood Ln, Binghamton, NY, 13901 at $559,900 posts ROI 11.34% with from $2,400/mo rent. Total monthly income equals $2,400/mo. Return on cash invested measures 11.34% and rental yield reads 5.14% at the current $559,900. Equity gained on principal adds $3,613/yr, and 5% annual appreciation supports $154,690 by year five. Five-year ROI prints 57.51% and total cumulative return in cash totals $105,946. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,400/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2005
0.54 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: Barbara J. Gallo • EXIT REALTY FRONT AND CENTER
Mls Name: GBMLS
Mls ID: #332870