14 Ashland St APT 2RWorcesterMA01609
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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
Rental property for sale in Worcester at 14 Ashland St APT 2R, Worcester, MA, 01609 generates $1,909/mo in rent and, after a $1,297/mo payment, leaves $239/mo in cash flow. Total monthly income is $1,909/mo, and annual cash flow is $2,867/yr on $87,814 invested. Return on cash invested sits at 23.17% in year one, and rental yield is 8.65% on a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 120.51% and total cumulative return in cash sums $105,824. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,909/mo property income rather than buyer’s personal income.
Condo
Built in 1940
N/A 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: Steve Antonucci • RE/MAX Preferred Properties
Mls Name: MLS PIN
Mls ID: #73467437