4 Home Ave · Binghamton, NY 13903

$110,000

3 bd · 1.0 ba · 1,252 sqft · SingleFamily public records · 161 Days on market

Built 1930 8,448 sqft lot $88/sqft · 27% below area Est $150k · 27% under

---

Why this score? — see what drove the B- 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 +16.0/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• 1% rule +7.8/10.0
• DSCR +4.9/10.0
• Livability +3.9/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This well-maintained home offers 3 bedrooms plus a bonus room and 1.75 bathrooms, providing flexible space for everyday living. The layout is practical and functional, with good natural light and a comfortable flow throughout the main level. Bedrooms are comfortably sized, and the home includes a full bath along with an additional three-quarter bath for convenience. The bonus room adds versatility and can be used as a home office, playroom, or additional living space. Outside, the property features a covered front porch, an attached garage, and a spacious yard with room to enjoy outdoor activities. Conveniently located near local amenities, this home presents a solid opportunity for owner-occupants or investors alike.

Key facts

• Covered front porch
• Spacious yard
• Attached garage

Tags

• BONUS ROOM
• COVERED FRONT PORCH
• ATTACHED GARAGE
• SPACIOUS YARD
• CONVENIENTLY LOCATED

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $54 ($653/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $97k (12.0% below list) — sets the bar for market timing.

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: schools D, 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.
• Market conditions: 112 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% 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 $12k of equity ($761 loan paydown + $11k 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 $31k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$42k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 161 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $69k; list at $110k implies a 59% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 4.7% of price; built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $96,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 161 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.28% ✓
• Cap rate: 6.89%
• Cash-on-cash: 2.12%
• DSCR: 1.09
• GRM: 6.5

CMA / ARV

• ARV (median comp): $149,907
• List price: $110,000
• Delta: -26.62%
• 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
33 Decatur St	0.35mi	3/1.0	1,286 (+3%)	8mo	$152,500	$119	73
75 Homer St	0.17mi	3/2.0	1,126 (-10%)	6mo	$131,000	$116	67
2 Thompson St	0.18mi	4/2.0 (+1)	1,332 (+6%)	14mo	$165,000	$124	60
10 Howard Ave	0.49mi	3/1.5	1,208 (-4%)	13mo	$135,000	$112	58
8 Decatur St	0.27mi	2/1.0 (-1)	1,344 (+7%)	15mo	$79,000	$59	58
36 Hall St	0.50mi	2/1.0 (-1)	1,160 (-7%)	6mo	$95,000	$82	54
124 Robinson St	0.64mi	3/1.0	1,296 (+4%)	14mo	$105,000	$81	53
67 Burr Ave	0.55mi	3/1.5	1,366 (+9%)	7mo	$160,000	$117	52
10 Burton Ave	0.54mi	3/1.5	1,424 (+14%)	5mo	$130,000	$91	46
244 Robinson St	0.69mi	3/1.5	1,367 (+9%)	8mo	$78,000	$57	44
55 Mason Ave	0.74mi	3/2.0	1,408 (+12%)	2mo	$152,000	$108	39
49 Mason Ave	0.71mi	3/1.0	1,416 (+13%)	12mo	$128,723	$91	35

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: 25.9%
• Equity multiple: 3.06×
• Total profit: $63,580
• Equity at exit: $99,097

10-year hold

• IRR: 22.8%
• Equity multiple: 7.00×
• Total profit: $184,908
• Equity at exit: $213,706

Cash invested: $30,800 (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.

Methodology + full state rankings →

ZIP-level market 13903

• Home prices YoY: 4.3%
• Active inventory: 112
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,406 high
• Mortgage (P&I): −$577
• Tax from tax record: −$433 /mo · $5,200/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$295
• Net cashflow: $54

Break-even live

Break-even rent $1,337

Max offer price $110,000

Occupancy floor 91%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
27 Tompkins St Unit 10 Binghamton, NY	2.0	1.0	950	$1,050	$1.11	21d	1	0.37mi
27 Tompkins St Unit 9 Binghamton, NY	2.0	1.0	950	$950	$1.00	43d	1	0.37mi
33 Fayette St Unit 22 Binghamton, NY	2.0	1.0	1350	$1,100	$0.81	13d	1	0.86mi
26 Doubleday St Binghamton, NY	2.0	1.0	1000	$1,350	$1.35	43d	1	0.93mi
113 Hawley St Binghamton, NY	4.0	1.5	1637	$2,000	$1.22	43d	1	1.02mi
136 Court St Unit 2 Binghamton, NY	4.0	1.0	1373	$3,000	$2.18	43d	1	1.06mi
86 Conklin Ave Binghamton, NY	3.0	1.0	1316	$1,600	$1.22	13d	1	1.08mi
1 Euclid Ave Unit 1 Binghamton, NY	3.0	1.0	1100	$1,500	$1.36	43d	1	1.16mi
80 State St Unit A 3-1 3 Bed Binghamton, NY	3.0	3.0	900	$900	$1.00	43d	1	1.26mi
71 Mary St Unit 2 Binghamton, NY	2.0	1.0	1100	$1,300	$1.18	13d	1	1.44mi

Listing history 19 events

1. 2026-06-19
   days on market $110,000 Active 161 DOM
2. 2026-06-18
   days on market $110,000 Active 160 DOM
3. 2026-06-17
   days on market $110,000 Active 159 DOM
4. 2026-06-16
   days on market $110,000 Active 158 DOM
5. 2026-06-15
   days on market $110,000 Active 157 DOM
6. 2026-06-14
   days on market $110,000 Active 155 DOM
7. 2026-06-13
   days on market $110,000 Active 154 DOM
8. 2026-06-10
   days on market $110,000 Active 152 DOM
9. 2026-06-09
   days on market $110,000 Active 151 DOM
10. 2026-06-08
    days on market $110,000 Active 150 DOM
11. 2026-06-07
    days on market $110,000 Active 149 DOM
12. 2026-06-03
    days on market $110,000 Active 145 DOM
13. 2026-06-02
    days on market $110,000 Active 144 DOM
14. 2026-06-01
    days on market $110,000 Active 143 DOM
15. 2026-05-31
    days on market $110,000 Active 142 DOM
16. 2026-05-30
    days on market $110,000 Active 141 DOM
17. 2026-04-30
    price $110,000 727-char remark

    Show marketing remark (727 chars)

    This well-maintained home offers 3 bedrooms plus a bonus room and 1.75 bathrooms, providing flexible space for everyday living. The layout is practical and functional, with good natural light and a comfortable flow throughout the main level. Bedrooms are comfortably sized, and the home includes a full bath along with an additional three-quarter bath for convenience. The bonus room adds versatility and can be used as a home office, playroom, or additional living space. Outside, the property features a covered front porch, an attached garage, and a spacious yard with room to enjoy outdoor activities. Conveniently located near local amenities, this home presents a solid opportunity for owner-occupants or investors alike.

18. 2026-01-09
    listed $120,000 Active 727-char remark

    Show marketing remark (727 chars)

    This well-maintained home offers 3 bedrooms plus a bonus room and 1.75 bathrooms, providing flexible space for everyday living. The layout is practical and functional, with good natural light and a comfortable flow throughout the main level. Bedrooms are comfortably sized, and the home includes a full bath along with an additional three-quarter bath for convenience. The bonus room adds versatility and can be used as a home office, playroom, or additional living space. Outside, the property features a covered front porch, an attached garage, and a spacious yard with room to enjoy outdoor activities. Conveniently located near local amenities, this home presents a solid opportunity for owner-occupants or investors alike.

19. 2005-02-28
    soldstatus $69,000

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

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $5,200 · $433/mo
• Projected year-2 tax: $5,200 · $433/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,868
• − Mortgage interest: −$6,162
• − Property taxes: −$5,200
• − Insurance: −$550
• − Repairs & maintenance: −$1,349
• − Management: −$1,349
• − Depreciation: −$3,200
• Taxable loss: −$943
• Est. tax savings @ 24.0%: +$226
• After-tax cash flow: $880/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.

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

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 · 126,805 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: 602.0

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: —

Market trends

• HPI YoY: ▲ 11.68%
• Current HPI: 286.1001
• Rent YoY: —
• Metro: Binghamton, NY
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+59.4% since first listed

3 events — show timeline

• 2026-04-30 Price Changed $110,000 GBAOR
• 2026-01-09 Listed $120,000 GBAOR
• 2005-02-28 Sold (Public Records) $69,000 Public Records

Property tax history

+4.7%/yr

Latest (2025): $5,200 · +0.9% YoY. Source: county tax records.