Binghamton Real Estate Deal: Zillow Says $234,500 - Seller Asking $120,000
Tuesday, July 22nd, 2008
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We have analyzed this deal to see how this particular single family home in Binghamton would be as a rental property.
Where is this property?
It is located in Binghamton, NY. The property address is kept private to preserve the deals for our members. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about Deal #2380 and they can give you the full details about this property and help you in purchasing it. This particular property was submitted to the Binghamton Real Estate Resources Website featuring real estate investor articles and local deals.
How did we find this property?
We found this property from one of our real estate investor friendly agents/brokers or one of the real estate investor wholesalers we know in the Binghamton area.
Learn to find motivated sellers using marketing in Finding Motivated Sellers to Find the Best Real Estate Deals. This CD is included as part of the 68 CD Ultimate Real Estate Investor Package that you get when you purchase any house we promote on the website through our recommended real estate agent or broker. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about real estate Deal #2380 and they can give you the full details about this property and help you in purchasing it.
The Story
Before we get into our full analysis, here is some of the interesting story for this particular deal: Please note that property tax information was unavailable when this deal was analyzed. This number will affect this analysis.
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Property Details
- Bedrooms: 4
- Baths: 2.00
- Square Footage: 1,670 (see square footage estimates for info)
- All information is deemed reliable, but is pulled from tax records, real estate agent, zillow or the seller.
Income
- Gross Rent: $900/month (see Rent Estimates for more info)
- 4.00% Vacancy Adjustment: $36/month (see Vacancy Estimates for more info)
- Net Rent: $864/month
- NOTE: These numbers are for traditional rental income and NOT a rent-to-own. Rent-to-own analysis follows below.
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