1 Cheney St, Worcester, MA, 01610 | 4.76% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1 Cheney St, Worcester, MA, 01610 | 4.76% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Total monthly income runs $3,174/mo, and a $3,916/mo payment. Purchase price stands at $799,999, and rental yield measures 4.76% with $3,174/mo rent. Return on cash invested shows 11.54% in year one, and 5% annual appreciation builds toward $221,025 over five years. Five-year ROI reaches 58.09% and total cumulative return in cash records $152,887. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,174/mo property income covering a $3,916/mo payment rather than investor’s personal income.

Multi Family

Built in 1915

4,818 sqft lot

$N/A/sqft

No HOA

More details about the property

*Ask about 1st Time Homebuyer programs w/ grants up to $50,000, 3% down payment & closing costs covered* Exceptional investment or owner-occupant opportunity in the heart of Worcester! Perfectly situated just steps from Clark University within the tuition-free zone, this property draws consistent rental demand from students, professionals, and families alike. The well-maintained three-family home offers spacious 4-bedroom units, each with in-unit laundry and separate utilities for added convenience. Enjoy five off-street parking spacesa rare amenity in this neighborhood. With market rents of approximately $2,500 per unit, the property projects a cap rate of 89%. Conveniently located near public transportation, shopping, restaurants, and major highwaysthis is an exceptional income-producing opportunity in one of Worcesters fastest-growing areas.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01610, Worcester, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,833 (100%)
Owner Occupied HU	1,585 (16.1%)
Renter Occupied HU	7,316 (74.4%)
Vacant Housing Units	932 ( 9.5%)
Median Home Value	$285,833
Average Home Value	$335,960