12-14 Boardman St, Worcester, MA, 01606 | 4.77% Rental Yield

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12-14 Boardman St, Worcester, MA, 01606 | 4.77% 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

Investment property for sale in Worcester at 12-14 Boardman St, Worcester, MA, 01606 earns from $3,540/mo rent with a $4,356/mo payment. Total monthly income totals $3,540/mo. ROI tracks 11.58% on current figures, and rental yield reads 4.77% at a $889,900 purchase. Equity gained on principal adds $5,742/yr, and 5% annual appreciation supports $245,863 over five years. Five-year ROI reaches 58.29% and total cumulative return in cash sums $170,649. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,540/mo property income instead of your personal income.

Multi Family

Built in 1895

0.39 Acres lot

$N/A/sqft

No HOA

More details about the property

Attention Investors and Developers, this huge four-family residence has over 6,000 square feet of living space, twenty rooms, and is sited on an oversized 16,891 SF lot in a desirable section of the city and offers possible expansion opportunities and tremendous income potential. Ideal for owner-occupants or investors. Near shops, restaurants, highway access, bus routes, parks, Indian Lake and colleges. The property Includes THREE oversized 2/3 bed units and ONE large 2-bed unit. hardwood floors, high ceilings, eat-in kitchens, pantries, spacious bedrooms. Two units have updated forced HW gas heaters, updated electric panels, updated water heaters. All separate utilities tenants pay gas/electric. Three units will be delivered vacant for full leasing control and market-rate rents. The top floor unit is occupied by a TAW. Truly a one-of-a-kind property with strong potential cash flow, and long-term appreciation in the burgeoning Worcester rental market.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01606, Worcester, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,102 (100%)
Owner Occupied HU	5,796 (57.4%)
Renter Occupied HU	3,863 (38.2%)
Vacant Housing Units	443 ( 4.4%)
Median Home Value	$397,630
Average Home Value	$429,485