Duplex
31 Crandall St · Binghamton, NY
Flood risk 4/10 · Minor
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.17%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $691 – $1,283
Heat risk 4/10 · Minor
- Hot days now (above 92°F)
- 8 days/yr
- Hot days in 30 yrs
- 17 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- 1.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 0 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
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 +30.0/30.0
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Rent growth +5.0/5.0
- Livability +3.9/5.0
- Condition / age +2.2/5.0
- Schools +1.7/10.0
- Appreciation +0.0/10.0
$95,000
🖨 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 MLS
Opportunity knocks at 31 Crandall Street! This FIXER duplex in the City of Binghamton offers investors a rare combination of low taxes and immediate cash flow potential. The first-floor unit features 3 bedrooms and 1 bath and is currently tenant-occupied, providing day-one rental income. The second-floor unit offers 2 bedrooms and 1 bath, ideal for an owner-occupant or additional rental income. Annual taxes are an exceptionally low $2,601. Owner covers heat, water, and sewer; tenant pays electric. The property has been previously remodeled and presents the perfect value-add opportunity for the savvy investor willing to put in the work. Priced to move at $65,000 — bring your vision and build your portfolio. Don't miss this one!
Key facts
- Rental potential
- Tenant-occupied unit
- Value-add duplex
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 1×3bd/1.0ba + 1×2bd/1.0ba units multifamily listed at $95k. Condition is rated fair.
- This rent per unit runs 30% of the median local income ($53k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Deal economics
- At list price, monthly cash flow is $1k ($15k/yr) — positive. Per door: $622/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $95k).
- Recommended offer: $92k (3.0% below list) — sets the bar for market timing.
- Cap rate 22.0% vs local median 6.2% 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: Woodrow Wilson School (math 8% / reading 27%, grade F, #2,004 of 2,108 statewide, top 95%, 352 students, 76% FRL); Binghamton High School (math 71% / reading 79%, grade A-, #631 of 1,100 statewide, top 58%, 1,341 students, 69% FRL).
- Market conditions: Rents rising fast (+11.2%/yr); 247 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals lingering (median 140d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 64% 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
- Local home prices are declining (-3.0%/yr); year-one equity from $657 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
- Broome County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
- At projected returns (-3.0% appreciation + 8.0% rent growth), your $27k cash investment doubles in ~2 years — after that, you're playing with house money.
Negotiation context
- It's been on market 32 days — a 3% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
- 9 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
- Current owner paid $52k; list at $95k implies a 83% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: property tax is 4.1% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 32 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
- Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 2.81% ✓
- Cap rate
- 22.00%
- Cash-on-cash
- 56.10%
- DSCR
- 3.50
- GRM
- 3.0
CMA / ARV
- ARV (median comp)
- $179,937
- List price
- $95,000
- Delta
- -47.20%
- 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 |
|---|---|---|---|---|---|---|---|
| 31 Crandall St | 0.00mi | 5/2.0 (+1) | 1,716 (0%) | 3mo | $52,000 | $30 | 93 |
| 64 Thorp St | 0.14mi | 4/2.0 | 1,852 (+8%) | 15mo | $100,000 | $54 | 68 |
| 4 Charles St | 0.11mi | 4/3.0 | 1,582 (-8%) | 17mo | $200,000 | $126 | 64 |
| 167 Oak St St | 0.41mi | 4/2.0 | 1,845 (+8%) | 6mo | $104,940 | $57 | 64 |
| 1 and 3 Gaines St | 0.59mi | 4/2.0 | 1,664 (-3%) | 5mo | $55,000 | $33 | 63 |
| 11 Cypress St | 0.54mi | 4/2.0 | 1,584 (-8%) | 8mo | $110,000 | $69 | 56 |
| 39 Colfax Ave | 0.46mi | 4/2.0 | 1,557 (-9%) | 18mo | $125,000 | $80 | 48 |
| 18 Goethe St | 0.41mi | 4/2.0 | 1,500 (-13%) | 20mo | $230,000 | $153 | 44 |
| 16 Elm St | 0.46mi | 5/2.0 (+1) | 1,500 (-13%) | 11mo | $115,000 | $77 | 43 |
| 27 Valley St | 0.70mi | 4/2.5 | 1,825 (+6%) | 18mo | $156,000 | $85 | 40 |
| 13 Mcdonald Ave | 0.61mi | 3/2.0 (-1) | 1,900 (+11%) | 13mo | $46,000 | $24 | 38 |
| 69 Colfax Ave | 0.58mi | 3/2.0 (-1) | 1,970 (+15%) | 11mo | $138,000 | $70 | 34 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 8.0% rent growth · sell at horizon
- IRR
- 60.7%
- Equity multiple
- 3.94×
- Total profit
- $78,076
- Equity at exit
- $14,165
- IRR
- 67.3%
- Equity multiple
- 9.83×
- Total profit
- $234,848
- Equity at exit
- $8,214
Cash invested: $26,600 (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
Active competition Active MLS
- For sale now
- 16 active · 7 under contract
- Months of supply
- 19.2 mo (5%/mo absorbed)
- Median asking
- $143,500 ($85/sqft)
- Median days on market
- 70 d
- This list price
- 6% of active listings are priced below it
- ARV vs active asking
- +22.7% above current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 13905
- Home prices YoY
- -31.1%
- Rents YoY
- 11.2%
- Active inventory
- 247
- Price-to-rent
- 5.4×
Monthly cashflow live
- Estimated rent
- $2,669 high interval (Pro) →
- Mortgage (P&I)
- −$498
- Tax from tax record
- −$327 /mo · $3,927/yr
- Insurance
- −$40
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$560
- Net cashflow
- $1,243
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 1× unit | 3 | 1 | $1,469 |
| 1× unit | 2 | 1 | $1,200 |
| Total (2 units) | $2,669 | ||
Break-even live
Sensitivity live
| Price | -10% $1,297 | -5% $1,270 | +0% $1,243 | +5% $1,217 | +10% $1,190 |
|---|---|---|---|---|---|
| Rent | -10% $1,033 | -5% $1,138 | +0% $1,243 | +5% $1,349 | +10% $1,454 |
| Rate | -1.0pp $1,291 | -0.5pp $1,268 | base $1,243 | +0.5pp $1,219 | +1.0pp $1,194 |
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
- $23,750
- Closing costs
- $2,850
- Club membership (one-time)
- —
- 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
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 32 Edwards St Unit T-1-2 Binghamton, NY | 1.0 | 1.0 | 550 | $600 | $1.09 | 139d | 1 | 0.13mi |
| 32 Edwards St Unit E-1 Binghamton, NY | 1.0 | 1.0 | — | $750 | — | 139d | 1 | 0.13mi |
| 32 Edwards St Unit E-1-1 Binghamton, NY | 1.0 | 1.0 | 625 | $700 | $1.12 | 139d | 1 | 0.13mi |
| 4 Erie St Unit 2 Binghamton, NY | 3.0 | 1.0 | 1075 | $1,200 | $1.12 | 139d | 1 | 0.17mi |
| 46 North St Unit 4 Binghamton, NY | 2.0 | 1.0 | 1000 | $1,600 | $1.60 | 109d | 1 | 0.23mi |
| 46 North St Unit 4 Binghamton, NY | 2.0 | 1.0 | 1000 | $1,500 | $1.50 | 6d | 1 | 0.23mi |
| 19 Mygatt St Apt 2 Binghamton, NY | 1.0 | 1.0 | — | $1,050 | — | 116d | 1 | 0.23mi |
| 19 Mygatt St Apt 5 Binghamton, NY | 1.0 | 1.0 | — | $1,010 | — | 0d | 1 | 0.23mi |
| 19 Mygatt St Apt 8 Binghamton, NY | 2.0 | 1.0 | — | $1,200 | — | 116d | 1 | 0.23mi |
| 110 Walnut St Unit 4 Binghamton, NY | 2.0 | 1.0 | — | $950 | — | 139d | 1 | 0.25mi |
| 36 Grace St Unit 1F Binghamton, NY | 1.0 | 1.0 | — | $950 | — | 6d | 1 | 0.28mi |
| 100 Walnut St Unit 2R Binghamton, NY | 1.0 | 1.0 | 500 | $750 | $1.50 | 139d | 1 | 0.28mi |
| 100 Walnut St Unit 2-L Binghamton, NY | 1.0 | 1.0 | 600 | $850 | $1.42 | 139d | 1 | 0.28mi |
| 171 Chapin St Unit 3rd FL Binghamton, NY | 2.0 | 1.0 | 1135 | $1,500 | $1.32 | 139d | 1 | 0.30mi |
| 27 Cedar St Unit 4 Binghamton, NY | 1.0 | 1.0 | — | $850 | — | 109d | 1 | 0.32mi |
| 27 Cedar St Unit 1 Binghamton, NY | 3.0 | 1.0 | — | $1,200 | — | 109d | 1 | 0.32mi |
| 82 Walnut St #7 Binghamton, NY | 1.0 | 1.0 | 650 | $900 | $1.38 | 139d | 1 | 0.34mi |
| 82 Walnut St Unit 5 Binghamton, NY | 1.0 | 1.0 | 680 | $950 | $1.40 | 139d | 1 | 0.34mi |
| 5 Colfax Ave Binghamton, NY | 1.0 | 1.0 | 300 | $400 | $1.33 | 6d | 1 | 0.38mi |
| 167 Oak St Unit 1 Binghamton, NY | 2.0 | 1.0 | 923 | $1,300 | $1.41 | 139d | 1 | 0.39mi |
| 28 Lydia St Unit 2-F Binghamton, NY | 1.0 | 1.0 | 650 | $1,100 | $1.69 | 116d | 1 | 0.41mi |
| 28 Lydia St Unit 1-R Binghamton, NY | 2.0 | 1.0 | 770 | $1,200 | $1.56 | 140d | 1 | 0.41mi |
| 135 Beethoven St Unit 1 Binghamton, NY | 1.0 | 1.0 | — | $1,000 | — | 139d | 1 | 0.41mi |
| 18 Goethe St Binghamton, NY | 2.0 | 1.0 | 750 | $1,350 | $1.80 | 6d | 1 | 0.42mi |
| 36 Haendel St Unit 1 Binghamton, NY | 3.0 | 1.0 | 1600 | $1,650 | $1.03 | 139d | 1 | 0.46mi |
| 36 Haendel St Unit Second Floor Binghamton, NY | 3.0 | 1.0 | 1200 | $1,450 | $1.21 | 139d | 1 | 0.46mi |
| 53 Seminary Ave Unit 1 Binghamton, NY | 2.0 | 1.0 | 1722 | $925 | $0.54 | 116d | 1 | 0.51mi |
| 35 Seminary Ave Unit 3 Binghamton, NY | 1.0 | 1.0 | 700 | $900 | $1.29 | 6d | 1 | 0.54mi |
| 12 Cypress St Unit 2nd Floor Binghamton, NY | 3.0 | 1.0 | — | $1,800 | — | 0d | 1 | 0.56mi |
| 103 Beethoven St Unit 1 Binghamton, NY | 3.0 | 1.5 | 1277 | $1,385 | $1.08 | 6d | 1 | 0.57mi |
| 65 Schubert St Unit 3 Binghamton, NY | 2.0 | 1.0 | — | $975 | — | 116d | 1 | 0.59mi |
| 19 Seymour St Apt 3 Binghamton, NY | 1.0 | 1.0 | — | $900 | — | 109d | 1 | 0.59mi |
| 16 Highland Ave Unit 1 Binghamton, NY | 3.0 | 1.0 | 1400 | $1,650 | $1.18 | 139d | 1 | 0.64mi |
| 73 Leroy St Unit 02 Binghamton, NY | 3.0 | 1.0 | 1100 | $1,950 | $1.77 | 139d | 1 | 0.66mi |
| 346 Clinton St Unit 2R Binghamton, NY | 2.0 | 1.0 | — | $1,100 | — | 0d | 1 | 0.68mi |
| 263 Main St Binghamton, NY | 2.0 | 1.0 | 920 | $1,200 | $1.30 | 109d | 1 | 0.68mi |
| 7 Court St Binghamton, NY | 6.0 | 1.0–6.0 | — | $1,060 | — | 0d | 1 | 0.69mi |
| 27 Leroy St Unit 1 Binghamton, NY | 3.0 | 3.0 | — | $800 | — | 139d | 1 | 0.71mi |
| 27 Leroy St Unit 2 Binghamton, NY | 2.0 | 2.0 | — | $800 | — | 139d | 1 | 0.71mi |
| 257 Washington St Binghamton, NY | 2.0–3.0 | 1.0–2.0 | 1350 | $1,400 | $1.04 | 0d | 1 | 0.71mi |
Property features AI
Finance
- Other
- Zoned Neighborhood Commercial
- Financial info
- One unit currently rents for $800
Exterior
- Parking
- No designated parking listed
- Utilities
- Public waterPublic sewer
- Home design
- DuplexResidential income property
- Construction
- Above-grade finished area documented
- Exterior features
- Enclosed patio/porchPorchStorm doorsLevel lotLot dimensions approximately 51 x 78
Interior
- Kitchen
- Includes standard appliances (gas water heater listed)
- Bedrooms
- One unit with 3 bedroomsOne unit with 2 bedrooms
- Flooring
- CarpetHardwoodTileVinyl
- Bathrooms
- Two full bathrooms totalOne unit has 1 bathroomOther unit has 1 bathroom
- Heating & cooling
- Baseboard heatingNo central cooling
- Interior features
- Storm windowsGas water heaterBasement present
- Laundry & utility
- Gas water heater
Listing history 50 events
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2026-09-24days on market $95,000 Active 32 DOM
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2026-09-24days on market $95,000 Active 31 DOM
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2026-09-22days on market $95,000 Active 30 DOM
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2026-09-20days on market $95,000 Active 28 DOM
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2026-09-19days on market $95,000 Active 27 DOM
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2026-09-18days on market $95,000 Active 26 DOM
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2026-09-17days on market $95,000 Active 25 DOM
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2026-09-16days on market $95,000 Active 24 DOM
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2026-09-15days on market $95,000 Active 23 DOM
-
2026-09-14days on market $95,000 Active 22 DOM
-
2026-09-13days on market $95,000 Active 21 DOM
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2026-09-12days on market $95,000 Active 20 DOM
-
2026-09-11days on market $95,000 Active 19 DOM
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2026-09-05days on market $95,000 Active 13 DOM
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2026-09-04days on market $95,000 Active 12 DOM
-
2026-09-03days on market $95,000 Active 11 DOM
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2026-08-30days on market $95,000 Active 7 DOM
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2026-08-29days on market $95,000 Active 6 DOM
-
2026-08-28pricedays on market $95,000 Active 5 DOM
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2026-08-27days on market $99,000 Active 4 DOM
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2026-08-26days on market $99,000 Active 3 DOM
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2026-08-25days on market $99,000 Active 2 DOM
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2026-08-23pricestatusdays on market $99,000 Active 1 DOM
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2026-07-08days on market $65,000 Active Under Contract 56 DOM
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2026-07-07days on market $65,000 Active Under Contract 55 DOM
Show marketing remark (742 chars)
Opportunity knocks at 31 Crandall Street! This FIXER duplex in the City of Binghamton offers investors a rare combination of low taxes and immediate cash flow potential. The first-floor unit features 3 bedrooms and 1 bath and is currently tenant-occupied, providing day-one rental income. The second-floor unit offers 2 bedrooms and 1 bath, ideal for an owner-occupant or additional rental income. Annual taxes are an exceptionally low $2,601. Owner covers heat, water, and sewer; tenant pays electric. The property has been previously remodeled and presents the perfect value-add opportunity for the savvy investor willing to put in the work. Priced to move at $65,000 — bring your vision and build your portfolio. Don't miss this one!
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2026-07-06days on market $65,000 Active Under Contract 54 DOM
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2026-07-05days on market $65,000 Active Under Contract 53 DOM
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2026-07-04days on market $65,000 Active Under Contract 52 DOM
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2026-07-03days on market $65,000 Active Under Contract 51 DOM
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2026-07-02days on market $65,000 Active Under Contract 50 DOM
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2026-07-01days on market $65,000 Active Under Contract 49 DOM
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2026-06-30days on market $65,000 Active Under Contract 48 DOM
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2026-06-29days on market $65,000 Active Under Contract 47 DOM
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2026-06-28days on market $65,000 Active Under Contract 46 DOM
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2026-06-28days on market $65,000 Active Under Contract 45 DOM
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2026-06-27days on market $65,000 Active Under Contract 44 DOM
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2026-06-25days on market $65,000 Active Under Contract 42 DOM
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2026-06-23days on market $65,000 Active Under Contract 40 DOM
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2026-06-21days on market $65,000 Active Under Contract 39 DOM
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2026-06-19days on market $65,000 Active Under Contract 37 DOM
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2026-06-18days on market $65,000 Active Under Contract 36 DOM
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2026-06-17days on market $65,000 Active Under Contract 35 DOM
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2026-06-16days on market $65,000 Active Under Contract 34 DOM
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2026-06-15days on market $65,000 Active Under Contract 33 DOM
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2026-06-14days on market $65,000 Active Under Contract 31 DOM
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2026-06-13days on market $65,000 Active Under Contract 30 DOM
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2026-06-10statusdays on market $65,000 Active Under Contract 28 DOM
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2026-06-09days on market $65,000 Active 27 DOM
Show marketing remark (742 chars)
Opportunity knocks at 31 Crandall Street! This FIXER duplex in the City of Binghamton offers investors a rare combination of low taxes and immediate cash flow potential. The first-floor unit features 3 bedrooms and 1 bath and is currently tenant-occupied, providing day-one rental income. The second-floor unit offers 2 bedrooms and 1 bath, ideal for an owner-occupant or additional rental income. Annual taxes are an exceptionally low $2,601. Owner covers heat, water, and sewer; tenant pays electric. The property has been previously remodeled and presents the perfect value-add opportunity for the savvy investor willing to put in the work. Priced to move at $65,000 — bring your vision and build your portfolio. Don't miss this one!
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2026-06-08days on market $65,000 Active 26 DOM
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2026-06-07days on market $65,000 Active 25 DOM
ⓘ 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
- $3,927 · $327/mo
- Projected year-2 tax
- $3,927 · $327/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 4/10 Moderate FEMA zone X (shaded) · 17% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 4/10 Moderate 8 d/yr ≥92°F today · 17 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
Loading sold comps map…
Walkable amenities ~0.75 mi
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Taxation est. · year 1
- Rental income
- $32,028
- − Mortgage interest
- −$5,321
- − Property taxes
- −$3,927
- − Insurance
- −$475
- − Repairs & maintenance
- −$2,562
- − Management
- −$2,562
- − Depreciation
- −$2,764
- Taxable income
- $14,416
- Est. tax owed @ 24.0%
- −$3,460
- After-tax cash flow
- $11,462/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 · 2 photos
This multi-family property presents a moderate renovation opportunity with good exterior condition. Painting the exterior and improving landscaping would significantly enhance its curb appeal and value.
Components & finishes AI
Deferred maintenance Est. $2,000–$8,000 screening
- Minor Roof (roof) — No visible signs of damage or wear on the roof.
- Minor Windows (windows) — No visible signs of damage or wear on the windows.
- Minor Electrical (electrical) — No visible signs of damage or wear on the electrical components.
- Minor Exterior (exterior) — No visible signs of damage or wear on the exterior.
Value-add opportunities
- Both Paint exterior — Enhances curb appeal and resale value ↑
- Both Landscaping — Improves curb appeal and rental appeal ↑
- Both Interior updates — Enhances living space and rental appeal ↑
ⓘ 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.
Zoned Schools
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
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)
- 27,988
- Household income
- $53,362
- Rent vs 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 (68%)
- Race & ethnicity
- White 68% Asian 10% Black 10% Hispanic / Latino 7% Two or more races 7%
- Hispanic origin (detail)
- Mexican 2% Puerto Rican 3%
- Common ancestry
- Romanian 5% Lithuanian 3% Iranian 1%
- Foreign-born
- 11% · Canada, China, Vietnam
- Languages at home
- 87% English-only · Other Indo-European 5% Spanish 2% Other Asian/Pacific 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
- ▼ -134.70%
- Current HPI
- 298.9847
- Rent YoY
- ▲ 11.19%
- 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 |
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| Consumer Goods | 9 | $162B |
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| Insurance | 4 | $225B |
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| Telecommunications | 2 | $144B |
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| Pharmaceuticals | 2 | $112B |
|
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| Media / Entertainment | 2 | $69B |
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Price history
+214.3% since first listed24 events — show timeline
- 2026-08-23 Listed $99,000 GBAOR
- 2026-07-07 Sold (MLS) $52,000 GBAOR
- 2026-06-09 Contingent — GBAOR
- 2026-05-31 Relisted — GBAOR
- 2026-05-22 Contingent — GBAOR
- 2026-05-13 Listed $65,000 GBAOR
- 2024-12-17 Pending — GBAOR
- 2024-12-16 Delisted — GBAOR
- 2024-10-03 Pending — GBAOR
- 2024-08-19 Price Changed $85,000 GBAOR
- 2024-07-05 Listed $89,000 GBAOR
- 2024-01-26 Price Changed $99,000 GBAOR
- 2024-01-10 Relisted — GBAOR
- 2023-11-14 Relisted — GBAOR
- 2023-10-20 Pending — GBAOR
- 2023-09-29 Price Changed $100,000 GBAOR
- 2023-09-21 Price Changed $105,000 GBAOR
- 2023-09-18 Relisted — GBAOR
- 2023-09-14 Pending — GBAOR
- 2023-08-28 Price Changed $109,000 GBAOR
- 2023-08-17 Listed $119,000 GBAOR
- 2022-04-21 Sold (Public Records) $39,600 Public Records
- 2022-03-31 Sold (MLS) $39,600 GBAOR
- 2022-02-03 Listed $31,500 GBAOR
Property tax history
+4.3%/yrLatest (2026): $3,927 · +0.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…