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208 Conklin Ave Duplex
A Composite 87.54
Why this score? — see what drove the A grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +30.0/30.0
  • ARV discount +15.0/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Appreciation +10.0/10.0
  • Schools +3.9/10.0
  • Livability +3.9/5.0
  • Rent growth +2.5/5.0
  • Condition / age +2.2/5.0

$99,900

208 Conklin Ave · Binghamton, NY 13903
4 bd · 2.0 ba · 2,156 sqft · MultiFamily public records · 43 Days on market
Built 1900 Fair condition 6,098 sqft lot Garage $46/sqft · 49% below area Est $196k · 49% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

Great investment opportunity! this well maintained duplex offers two separate units, making it an excellent choice for investors or owner-occupants looking to offset their mortgage with rental income. each unit provides comfortable living space, and the property offers strong income potential. conveniently located near shopping, dining, schools, and major roadways. wether you're looking to expand your investment portfolio start building equity, this multi-family property is one you won't want to miss!

Key facts

  • Two separate units
  • 6,098 sq ft lot
  • 4 garage spots

Tags

WELL MAINTAINED DUPLEXTWO SEPARATE UNITSSTRONG INCOME POTENTIALMULTI-FAMILY PROPERTY

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2 × 2-bed/1.0-bath units multifamily listed at $100k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $1k ($16k/yr) — positive. Per door: $647/mo.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($3k rent vs $100k).
  • Recommended offer: $97k (3.0% below list) — sets the bar for market timing.
  • Cap rate 21.8% vs local median 5.9% in Binghamton — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 78/100 on livability (#174 in NY, #2,710 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
  • Binghamton City School District (urban): math 30% / reading 44% proficiency, ranked #557 of 590 in NY (top 94%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Zoned schools: Benjamin Franklin Elementary School (math 17% / reading 32%, grade F, #1,846 of 2,108 statewide, top 91%, 399 students, 75% FRL); Binghamton High School (math 71% / reading 79%, grade A-, #631 of 1,100 statewide, top 58%, 1,341 students, 69% FRL).
  • Zoned-school proficiency averages 50% at this address vs 37% district-wide (+13 pts) — the actual schools serving this property are materially stronger than the Binghamton City School District average implies; a family-tenant draw the district grade alone would hide.
  • Market conditions: 142 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 93d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 340 units permitted in Broome County in 2024 (269 in 5+ unit buildings).

Forward outlook

  • In year one you build about $11k of equity ($691 loan paydown + $10k appreciation (10.0% local appreciation)).
  • Broome County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
  • At projected returns (10.0% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~2 years — after that, you're playing with house money.
  • By year 4, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 43 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts since 14y ago; this cycle's ask has dropped $30k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $96,903 (3.0% below list)

Questions for the listing agent

  1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
  2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
  3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
  4. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  5. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
  9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
2.51%
Cap rate
21.83%
Cash-on-cash
55.48%
DSCR
3.47
GRM
3.3

CMA / ARV

ARV (median comp)
$195,616
List price
$99,900
Delta
-43.77%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
28 Jackson St 0.21mi 5/2.0 (+1) 2,208 (+2%) 4mo $100,000 $45 78
6 Evans St St 0.31mi 4/2.0 1,992 (-8%) 2mo $160,000 $80 72
6 John St 0.24mi 4/2.0 1,970 (-9%) 4mo $155,000 $79 71
8 Mill St 0.60mi 4/2.0 2,217 (+3%) 0mo $240,000 $108 67
30 Telegraph St 0.38mi 4/2.0 2,116 (-2%) 17mo $129,900 $61 65
5 Parsons St 0.58mi 4/4.0 2,064 (-4%) 2mo $205,000 $99 56
22 Hancock St 0.40mi 5/2.0 (+1) 2,028 (-6%) 13mo $125,000 $62 56
12 Birch St 0.40mi 4/2.0 2,292 (+6%) 21mo $135,150 $59 53
12 Jay St 0.60mi 4/2.0 2,316 (+7%) 9mo $130,000 $56 52
14 Evans St 0.27mi 5/2.0 (+1) 2,350 (+9%) 23mo $135,000 $57 48
155 Hawley St 0.55mi 3/2.0 (-1) 1,958 (-9%) 16mo $120,000 $61 40
62 Decatur St 0.62mi 4/3.0 1,920 (-11%) 11mo $204,000 $106 39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold
IRR
68.3%
Equity multiple
5.89×
Total profit
$136,817
Equity at exit
$89,998
10-year hold
IRR
62.0%
Equity multiple
13.09×
Total profit
$338,203
Equity at exit
$194,084

Cash invested: $27,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
15 Strongly Tenant-Friendly
State New York
15 Strongly Tenant-Friendly · D+10
County
— inherits STATE
City
— inherits STATE
NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
11 active · 11 under contract
Months of supply
5.5 mo (18%/mo absorbed)
Median asking
$150,000 ($79/sqft)
Median days on market
66 d
This list price
lowest-priced of the active set
ARV vs active asking
+15.5% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 13903

Home prices YoY
4.3%
Active inventory
142
Price-to-rent
6.6×

Monthly cashflow live

Estimated rent
$2,511 high interval (Pro) →
Mortgage (P&I)
$524
Tax est. 1.5%
$125 /mo · $1,498/yr
Insurance
$42
HOA
$0
Vacancy / Maint / Mgmt
$527
Net cashflow
$1,293

2-unit breakdown (identical units grouped — click to expand)

UnitsBedsBathsEst. rent
Total (2 units) $2,511

Break-even live

Break-even rent $874
Max offer price $99,900
Occupancy floor 43%

Sensitivity live

Price -10% $1,362 -5% $1,328 +0% $1,293 +5% $1,259 +10% $1,224
Rent -10% $1,095 -5% $1,194 +0% $1,293 +5% $1,392 +10% $1,492
Rate -1.0pp $1,344 -0.5pp $1,319 base $1,293 +0.5pp $1,267 +1.0pp $1,241

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$24,975
Closing costs
$2,997
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
231 Conklin Ave #2 Binghamton, NY 3.0 1.0 $1,300 62d 1 0.03mi
231 Conklin Ave #2 Binghamton, NY 3.0 1.0 700 $1,350 $1.93 93d 1 0.03mi
55-57 Tompkins St Unit 57 Binghamton, NY 3.0 1.5 $1,600 93d 1 0.20mi
51 2nd St Binghamton, NY 3.0 2.5 2333 $2,200 $0.94 62d 1 0.20mi
59 Broome St Unit 1st floor Binghamton, NY 3.0 1.0 $1,300 93d 1 0.21mi
27 Tompkins St Unit 9 Binghamton, NY 2.0 1.0 950 $950 $1.00 93d 1 0.29mi
27 Tompkins St Unit 10 Binghamton, NY 2.0 1.0 950 $1,050 $1.11 70d 1 0.29mi
64 Jackson St Apt 1L Binghamton, NY 2.0 1.0 $1,000 70d 1 0.31mi
226 Court St Unit 10 Binghamton, NY 2.0 1.0 $1,100 62d 1 0.51mi
23 High St Binghamton, NY 2.0 1.0 400 $1,000 $2.50 62d 1 0.53mi
38 Carroll St Unit 21 Binghamton, NY 1.0 1.0 800 $1,050 $1.31 93d 1 0.53mi
33 Fayette St Unit 22 Binghamton, NY 2.0 1.0 1350 $1,100 $0.81 62d 1 0.55mi
90 Conklin Ave Unit 4 Binghamton, NY 1.0 1.0 1600 $575 $0.36 62d 1 0.56mi
198 Court St Unit 6 Binghamton, NY 2.0 1.0 550 $1,350 $2.45 93d 1 0.57mi
198 Court St Unit 10 Binghamton, NY 2.0 1.0 700 $1,200 $1.71 70d 1 0.57mi
198 Court St Unit 6 Binghamton, NY 2.0 1.0 700 $1,350 $1.93 70d 1 0.57mi
198 Court St Unit 11 Binghamton, NY 2.0 1.0 550 $1,300 $2.36 93d 1 0.57mi
198 Court St Unit 10 Binghamton, NY 2.0 1.0 550 $1,250 $2.27 93d 1 0.57mi
86 Conklin Ave Binghamton, NY 3.0 1.0 1316 $1,600 $1.22 62d 1 0.59mi
80 Conklin Ave Unit 1 Binghamton, NY 2.0 1.0 $1,400 93d 1 0.63mi
1 Euclid Ave Unit 1 Binghamton, NY 3.0 1.0 1100 $1,500 $1.36 93d 1 0.66mi
120 Henry St Unit 2 Binghamton, NY 2.0 1.0 $1,300 93d 1 0.70mi
138 Court St Unit C Binghamton, NY 3.0 1.0 $1,920 93d 1 0.71mi
31 Griswold St Unit 2 Rear Binghamton, NY 1.0 1.0 $850 93d 1 0.83mi
30 Doubleday St Unit 4 Binghamton, NY 2.0 1.0 $1,100 93d 1 0.84mi
30 Griswold St Unit 2N Binghamton, NY 2.0 1.0 $950 62d 1 0.84mi
26 Doubleday St #2 Binghamton, NY 2.0 1.0 850 $1,400 $1.65 93d 1 0.85mi
26 Doubleday St Binghamton, NY 2.0 1.0 1000 $1,350 $1.35 93d 1 0.85mi
80 State St Binghamton, NY 1.0 1.0 $1,300 93d 1 0.86mi
80 State St Unit A 3-1 3 Bed Binghamton, NY 3.0 3.0 900 $900 $1.00 93d 1 0.86mi
80 State St Unit A 3 Grand Studio Binghamton, NY 1.0 1.0 500 $950 $1.90 93d 1 0.86mi
80 State St Unit A 3 Studio Binghamton, NY 1.0 1.0 450 $900 $2.00 93d 1 0.86mi
80 State St Unit A 6 Loft Binghamton, NY 1.0 1.0 800 $1,200 $1.50 93d 1 0.86mi
80 State St Unit A 6 1 Bed Binghamton, NY 1.0 1.0 650 $1,000 $1.54 93d 1 0.86mi
81 State St Unit 2 Binghamton, NY 2.0 2.0 800 $1,000 $1.25 93d 1 0.89mi
81 State St Binghamton, NY 3.0 2.0 $950 93d 1 0.89mi
186 State St Binghamton, NY 1.0 1.0 1600 $1,950 $1.22 93d 1 0.90mi
274 Chenango St Unit 4 Binghamton, NY 1.0 1.0 550 $950 $1.73 62d 1 0.91mi
274 Chenango St Unit 1 Binghamton, NY 1.0 1.0 850 $1,200 $1.41 93d 1 0.91mi
128 Washington St Apt 3F Binghamton, NY 1.0 1.0 500 $1,195 $2.39 62d 1 0.92mi

Property features AI

Finance

Other
Zoning: commercial (com)Lot dimensions approximately 50 x 120
Financial info
No financial income/expense details provided
HOA & community
No HOA information specified

Exterior

Parking
Attached garage with 4 spacesAdditional parking details: see remarks
Security
No security features specified
Utilities
Public waterPublic sewer
Home design
DuplexResidential income property
Construction
Aluminum sidingVinyl siding
Exterior features
Covered front porch

Interior

Kitchen
No specific kitchen appliance list provided
Bedrooms
Two 2-bedroom units
Flooring
CarpetHardwood
Bathrooms
Two full bathrooms (one in each unit)
Heating & cooling
Forced air heatingCeiling fansWall/window cooling units
Interior features
Gas water heaterBasement
Laundry & utility
No laundry or utility appliances specified

Listing history 37 events

  1. 2026-08-08
    days on market $99,900 Active 43 DOM
  2. 2026-08-07
    pricedays on market $99,900 Active 42 DOM
  3. 2026-08-06
    days on market $110,000 Active 41 DOM
  4. 2026-08-05
    days on market $110,000 Active 40 DOM
  5. 2026-08-04
    days on market $110,000 Active 39 DOM
  6. 2026-08-03
    days on market $110,000 Active 38 DOM
  7. 2026-07-31
    days on market $110,000 Active 35 DOM
  8. 2026-07-30
    days on market $110,000 Active 34 DOM
  9. 2026-07-29
    days on market $110,000 Active 33 DOM
  10. 2026-07-27
    days on market $110,000 Active 31 DOM
  11. 2026-07-25
    days on market $110,000 Active 29 DOM
  12. 2026-07-24
    days on market $110,000 Active 28 DOM
  13. 2026-07-23
    days on market $110,000 Active 27 DOM
  14. 2026-07-22
    days on market $110,000 Active 26 DOM
  15. 2026-07-21
    pricedays on market $110,000 Active 25 DOM
  16. 2026-07-18
    days on market $129,900 Active 22 DOM
  17. 2026-07-16
    days on market $129,900 Active 20 DOM
  18. 2026-07-16
    days on market $129,900 Active 19 DOM
  19. 2026-07-14
    days on market $129,900 Active 18 DOM
  20. 2026-07-13
    days on market $129,900 Active 17 DOM
  21. 2026-07-12
    days on market $129,900 Active 16 DOM
  22. 2026-07-11
    days on market $129,900 Active 15 DOM
  23. 2026-07-10
    days on market $129,900 Active 14 DOM
  24. 2026-07-09
    days on market $129,900 Active 13 DOM
  25. 2026-07-08
    days on market $129,900 Active 12 DOM
  26. 2026-07-07
    days on market $129,900 Active 11 DOM
  27. 2026-07-06
    days on market $129,900 Active 10 DOM
  28. 2026-07-05
    days on market $129,900 Active 9 DOM
  29. 2026-07-04
    days on market $129,900 Active 8 DOM
  30. 2026-07-03
    days on market $129,900 Active 7 DOM
  31. 2026-07-02
    days on market $129,900 Active 6 DOM
  32. 2026-07-01
    days on market $129,900 Active 5 DOM
  33. 2026-06-30
    days on market $129,900 Active 4 DOM
  34. 2026-06-29
    days on market $129,900 Active 3 DOM
  35. 2026-06-28
    days on market $129,900 Active 2 DOM
  36. 2026-06-27
    remarks 506-char remark
  37. 2026-06-27
    listed $129,900 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 3/10 Moderate 7 d/yr ≥92°F today · 16 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
  • 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$30,132
− Mortgage interest
−$5,596
− Property taxes
−$1,498
− Insurance
−$500
− Repairs & maintenance
−$2,411
− Management
−$2,411
− Depreciation
−$2,906
Taxable income
$14,811
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$3,555
After-tax cash flow
$11,965/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 9 photos

Fair 45/100 Moderate rehab Est. rehab $53,900–$97,020 screening

This multi-family property requires moderate renovations to improve its condition and appeal to buyers and renters. Key areas for improvement include updating the kitchen, replacing the flooring, and painting the interior walls.

Repairs flagged

  • Major damaged ceiling in bathroom — structural damage
  • Major damaged walls in bathroom — visible structural damage

Value-add opportunities

  • Both update kitchen cabinetry and appliances — modernizing the kitchen would appeal to both buyers and renters
  • Both replace flooring — new flooring would improve the overall appearance and functionality of the home
  • Both paint interior walls — fresh paint would improve the home's curb appeal and interior aesthetics

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 39/100

Zoned Schools

Elementary Benjamin Franklin Elementary School F NY #1,846/2,108 Nat'l #30,133/41,679 Middle East Middle School F NY #693/729 Nat'l #12,247/14,009 High Binghamton High School A- NY #631/1,100 Nat'l #1,551/17,239

Schools (NCES district)

District
Binghamton City School District
NCES district ID
3604870
Math proficiency
30% ▬ 0.00%
Reading proficiency
44% ▲ 15.00%
Median HH income
$30,475
Composite
30.09/100
National rank
#6342
State rank
#557 of 590 in NY
B Composite livability gradescore 78/100

Livability — Binghamton

Score
78/100
State rank
#174
US rank
#2710

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment F Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Binghamton, NY
County
Broome County · 187,989 people
City population
65,170
Metro
Binghamton, NY
Population (ZIP)
17,569
Household income
$66,278
Rent vs Own
31.1% rent · 68.9% own
Severe rent burden
12% of renters

Population outlook (Broome County) Hauer SSP2

Today (2025)
187,989 people
By 2030
183,066 · -2.6%
By 2040
172,228 · -8.4%
By 2050
163,161 · -13.2%
By 2075
153,641 · -18.3%
By 2100
140,851 · -25.1%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (80%)
Race & ethnicity
White 80% Black 9% Two or more races 6% Hispanic / Latino 4% Asian 1%
Common ancestry
Romanian 6% Slovak 2% Scotch-Irish 2%
Foreign-born
5% · Canada
Languages at home
94% English-only · Spanish 2% Other Indo-European 1% Arabic 1%

Political lean MEDSL · Broome

2024 margin
Toss-up / Even · D 50.2% · R 49.8%
2008→2024 swing
-7.6pp toward R · 2008: 8.0pp · 2024: 0.4pp
All cycles
2024: D+0.4 2020: D+3.5 2016: R+3.7 2012: D+4.6 2008: D+8.0

Not yet ingested

Civics

Price history

+64.6% since first listed
2 events — show timeline
  • 2026-06-26 Listed $129,900 GBAOR
  • 2012-02-01 Listed $78,900 GBAOR

Property tax history

+4.7%/yr

Latest (2025): $7,258 · +0.9% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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