1029 Pleasant St APT 19WorcesterMA01602
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 1029 Pleasant St APT 19, Worcester, MA, 01602 in Worcester speaks for itself: 10.36% gross on a $329,000 price, generating $2,840/mo in rent and $767/mo in net income after the $1,479/mo debt service. DSCR 1.92, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $9,201 stacks alongside $90,897 in projected five-year appreciation and $3,030/yr in principal reduction. Projected total cumulative return: $174,263.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 8.0% |
| Monthly Cash Flow | $767 | $300 |
City averages based on Worcester market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,840 |
| Total Monthly Debt Service | $1,943 |
| DSCR Ratio | 1.46x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1948
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01602, Worcester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,982 (100%) |
| Owner Occupied HU | 6,252 (62.6%) |
| Renter Occupied HU | 3,352 (33.6%) |
| Vacant Housing Units | 378 ( 3.8%) |
| Median Home Value | $458,847 |
| Average Home Value | $505,577 |
Housing Distribution
Address Breakdown
Residential
9,218
Single Family
7,793
Multi-Family
1,425
Businesses
469
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1948
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01602, Worcester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,982 (100%) |
| Owner Occupied HU | 6,252 (62.6%) |
| Renter Occupied HU | 3,352 (33.6%) |
| Vacant Housing Units | 378 ( 3.8%) |
| Median Home Value | $458,847 |
| Average Home Value | $505,577 |
Housing Distribution
Address Breakdown
Residential
9,218
Single Family
7,793
Multi-Family
1,425
Businesses
469
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Chalino • RE/MAX Partners
Mls Name: MLS PIN
Mls ID: #73431260