Rental Property Investment Analysis
Investment metrics for 23 Martha St, Binghamton, NY 13903
redfin
Single Family Residence
📍 23 Martha St, Binghamton, NY 13903
$50,000
🛏 3 bed
🚿 1 bath
📐 1,104 sqft
29
/ 100
Deal Score
F
High Risk Investment
Grade F · 29/100
Monthly Cash Flow
$-45
After all expenses
Cap Rate
5.14%
Below 6% threshold
Monthly Rent
$400/mo
Estimated
Total Expenses
$445/mo
All-in monthly
Cash-on-Cash
-4.72%
Low return
Annual Cash Flow
$-543
Per year
Break-Even Analysis
Break-Even Rent
$445 / mo
Minimum monthly rent needed to cover all estimated expenses
Area Lifestyle & Investment Notes
- ▸Hillside topography and spacious residential lots appeal to tenants seeking a quieter suburban environment within the city.
- ▸Proximity to major institutional employers and highway access points facilitates reliable commuting for a diverse professional tenant base.
- ▸Access to expansive local green spaces and recreational trails enhances neighborhood desirability for long-term residential stability and renters.
Key Takeaway
Investor Summary
Under current assumptions, this property is a high-risk rental investment (29/100) with a negative cash flow of $-45/mo. A meaningfully lower purchase price or stronger rent performance would likely be needed to make this deal work.
Analysis Summary
This Single Family Residence at 23 Martha St, Binghamton, NY 13903 is listed at $50,000 with 3 bed / 1 bath and 1,104 sq ft.
The estimated monthly rent is $400, generating a negative monthly cash flow of $-45 after all expenses — including mortgage, taxes, insurance, maintenance, and vacancy reserves.
The cap rate is 5.14% and the cash-on-cash return is -4.72%. This deal received a score of 29/100 (Grade F: High Risk Investment).
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