117 Piedmont StWorcesterMA01609
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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
Investment Highlights
Investment property for sale in Worcester at 117 Piedmont St, Worcester, MA, 01609 with 5% annual appreciation on a $690,000 basis while $2,492/mo rent supports operations. 25% in year one. Equity gained on principal adds $4,452/yr, and five-year appreciation sums $190,634 alongside rental yield of 4.33%. Five-year ROI measures 51.15% and total cumulative return in cash totals $116,108. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,492/mo property income versus a $3,377/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1890
4,188 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01609, Worcester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,160 (100%) |
| Owner Occupied HU | 2,760 (30.1%) |
| Renter Occupied HU | 5,665 (61.8%) |
| Vacant Housing Units | 735 ( 8.0%) |
| Median Home Value | $508,937 |
| Average Home Value | $545,674 |
Housing Distribution
Address Breakdown
Residential
7,679
Single Family
4,769
Multi-Family
2,910
Businesses
701
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Listed by: James Pham • RE/MAX Partners
Mls Name: MLS PIN
Mls ID: #73429330