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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Worcester at 11 Montague St, Worcester, MA, 01603 priced at $589,900 converts $2,784/mo rent into after a $2,887/mo obligation. Total monthly income equals $2,784/mo. Return on cash invested prints 14.29% in year one, and rental yield reads 5.66% against a $589,900 entry. Equity gained on principal adds $3,807/yr, while 5% annual appreciation compiles into $162,978 by year five. Five-year ROI reaches 72.82% and total cumulative return in cash sums $141,333. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,784/mo property income covering a $2,887/mo payment, not borrower’s personal income.
Multi Family
Built in 1898
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 01603, Worcester, MA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,627 (100%) |
| Owner Occupied HU | 3,865 (40.1%) |
| Renter Occupied HU | 5,141 (53.4%) |
| Vacant Housing Units | 621 ( 6.5%) |
| Median Home Value | $370,996 |
| Average Home Value | $398,226 |
Residential
7,439
Single Family
6,118
Multi-Family
1,321
Businesses
677
Date | Event | Price |
|---|---|---|
| 2022-05-13 | Sold | $388,025 |
| 2019-03-30 | Listing removed | N/A |
| 2019-03-22 | Listed for sale | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-13 | $4936.00 | 7.19% | $359,000 | 11.80% |
| 2023-05-13 | $4605.00 | 4.11% | $321,100 | 10.42% |
| 2022-05-13 | $4423.00 | 13.99% | $290,800 | 22.03% |
Listed by: Melinda Titus • M. Titus Realty, Inc.
Mls Name: MLS PIN
Mls ID: #73373622
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
