14 Ashland St APT 2R, Worcester, MA, 01609 | $264/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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14 Ashland St APT 2R, Worcester, MA, 01609 | $264/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 14 Ashland St APT 2R, Worcester, MA, 01609 generates $2,091/mo in rent and, after a $1,419/mo payment, leaves $264/mo in cash flow. Total monthly income is $2,091/mo, and annual cash flow is $3,165/yr on $96,102 invested. Return on cash invested sits at 23.2% in year one, and rental yield is 8.66% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 120.64% and total cumulative return in cash sums $115,941. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,091/mo property income rather than buyer’s personal income.

Condo

Built in 1940

N/A lot

$N/A/sqft

No HOA

More details about the property

Eldorado Condominiums, A wonderful red brick condo on 2nd floor. Spacious 1,086 sq. ft. 2 bedroom, 1 bath condo with hardwood floors throughout. Fully applianced kitchen with NEWER RANGE, DW, FRIDGE and FLOORING. Large living room and a bonus room that could be used as a DR, office, or guest Space Unit includes a covered garage parking space and private storage closet in the basement. Washers and dryers on first floor. A great commuting location, complex is on a one-way street located between Elm Park and Downtown Worcester with excellent highway access. Near WPI, Becker College, MCPHS, St Vincent Hospital, UNUM, & entertainment venues like DCU Center & Polar Park FEE includes HEAT, HOT WATER, WATER/SEWER, SNOW REMOVAL,TRASH REMOVAL & LANDSCAPING. The complex has beautiful curb appeal, manicured lawns and front gates.

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