99 Robinson StBinghamtonNY13904
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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 99 Robinson St, Binghamton, NY, 13904 priced at $275,000 pairs $2,280/mo rent with $444/mo cash flow after a $1,346/mo payment. Total monthly income equals $2,280/mo, and annual cash flow comes to $5,323/yr on $91,163 invested. Return on cash invested is 25.75% in year one, and rental yield stands at 9.95% on a $275,000 basis. Equity gained on principal adds $1,775/yr, and 5% annual appreciation accumulates to $75,977 by year five. Five-year ROI measures 134.8% and total cumulative return in cash reaches $122,891. For financing, Ziffy Mortgage’s DSCR program evaluates $2,280/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1950
6,966 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13904, Binghamton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,321 (100%) |
| Owner Occupied HU | 2,379 (55.1%) |
| Renter Occupied HU | 1,446 (33.5%) |
| Vacant Housing Units | 496 (11.5%) |
| Median Home Value | $137,746 |
| Average Home Value | $201,710 |
Housing Distribution
Address Breakdown
Residential
3,683
Single Family
3,533
Multi-Family
150
Businesses
274
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Listed by: Vincent Lucenti • EXIT REALTY HOMEWARD BOUND
Mls Name: GBMLS
Mls ID: #334388