1029 Pleasant St APT 19, Worcester, MA, 01602 | $767/mo Cash Flow

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1029 Pleasant St APT 19, Worcester, MA, 01602 | $767/mo Cash Flow | 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

Rental property for sale in Worcester at 1029 Pleasant St APT 19, Worcester, MA, 01602 generates $2,840/mo in rent and, after a $1,610/mo payment, leaves $767/mo in cash flow. Total monthly income is $2,840/mo, and annual cash flow is $9,200/yr on $109,064 invested. Return on cash invested sits at 28.34% in year one, and rental yield is 10.36% on a $329,000 entry. Equity gained on principal adds $2,123/yr, while 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 148.23% and total cumulative return in cash sums $161,661. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,840/mo property income rather than buyer’s personal income.

Condo

Built in 1948

N/A lot

$N/A/sqft

No HOA

More details about the property

Meticulously renovated 2-bedroom, 2-bathroom condo on Worcesters desirable West Side, offering both modern updates and timeless detail. Tall 9-foot ceilings, recessed lighting, and crown molding on the kitchen cabinetry feature the thoughtful design. The remodeled kitchen has granite countertops and high-end finishes, complemented by in-unit laundry and plenty of closets for storage. The primary bedroom is set in the back with its own private full bathroom. The unit comes with dedicated parking, this home combines practicality with style. Condo ownership means low-maintenance living and flexibility to rent or owner-occupy, making it a smart choice for both buyers and investors. Worcesters West Side provides access to top schools, parks, dining, and major highways, delivering both convenience and long-term value.

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