15 Anderson AveWorcesterMA01604
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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 15 Anderson Ave, Worcester, MA, 01604 offers a 11.03% rental yield on a $415,000 purchase with $3,815/mo rent. Total monthly income registers $3,815/mo, and a $2,031/mo payment leaves $1,200/mo available for distribution. Annual cash flow reaches $14,394/yr on $137,573 to close, and return on cash invested stands at 30.37% in year one. Equity gained on principal adds $2,678/yr while 5% annual appreciation supports $114,657 over five years. Portfolio math shows five-year ROI at 159.12% and total cumulative return in cash at $218,901. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,815/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
6,781 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
15,186
Single Family
11,687
Multi-Family
3,499
Businesses
1,103
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Listed by: The Ali Joyce Team • William Raveis R.E. & Home Services
Mls Name: MLS PIN
Mls ID: #73446697