1203 Grafton St UNIT 38, Worcester, MA, 01604 | $890/mo Cash Flow

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1203 Grafton St UNIT 38, Worcester, MA, 01604 | $890/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 1203 Grafton St UNIT 38, Worcester, MA, 01604 generates $2,623/mo in rent and, after a $1,346/mo payment, leaves $890/mo in cash flow. Total monthly income is $2,623/mo, and annual cash flow is $10,677/yr on $91,163 invested. Return on cash invested sits at 31.62% in year one, and rental yield is 11.45% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 165.8% and total cumulative return in cash sums $151,151. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,623/mo property income rather than buyer’s personal income.

Condo

Built in 1982

N/A lot

$N/A/sqft

No HOA

More details about the property

Bright and comfortable 2-bedroom, 1-bath garden-style condo in a desirable, well-connected location near shopping, restaurants, parks, and major commuter routes. The open living and dining area leads to a covered balconyperfect for relaxing or enjoying your morning coffee. The kitchen offers an efficient layout with plenty of cabinet space. Both bedrooms are well-sized with generous closets, and the full bath is clean and well-kept. A dedicated laundry room with extra space adds convenience. Set in a quiet, landscaped community with low-maintenance living. Great opportunity for first-time buyers, downsizers, or investors. Also ideal for medical students or professionals looking for a comfortable home base near hospitals or campuses. Dont miss this versatile property.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01604, Worcester, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,399 (100%)
Owner Occupied HU	7,277 (39.6%)
Renter Occupied HU	10,006 (54.4%)
Vacant Housing Units	1,116 ( 6.1%)
Median Home Value	$391,828
Average Home Value	$466,459