1511 Main St UNIT C306, Worcester, MA, 01603 | $755/mo Cash Flow

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1511 Main St UNIT C306, Worcester, MA, 01603 | $755/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

Investment property for sale in Worcester at 1511 Main St UNIT C306, Worcester, MA, 01603 offers a 11.26% rental yield on a $245,000 purchase with $2,299/mo rent. Total monthly income registers $2,299/mo, and a $1,199/mo payment leaves $755/mo available for distribution. Annual cash flow reaches $9,060/yr on $81,218 to close, and return on cash invested stands at 31.06% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 162.79% and total cumulative return in cash at $132,216. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,299/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1890

N/A lot

$N/A/sqft

No HOA

More details about the property

Rare opportunity to own this desirable first-floor condo at Kettle Brook Lofts! This unique loft-style unit offers an open floor plan with soaring ceilings, exposed brick, and hardwood floors throughout. The updated kitchen features granite countertops and stainless-steel appliances, while oversized windows fill the space with natural light and offer serene views of a babbling brook. Enjoy the comfort of central air and efficient gas heating, plus the convenience of in-unit washer/dryer hookups. Two assigned parking spaces, guest parking, extra storage, and easy ground-level access make daily living simple. Ideally located near major highways, shopping, and vibrant downtown amenities. This condo blends historic charm with modern convenience!

Neighborhood Data

Neighborhood data shown for ZIP Code: 01603, Worcester, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,627 (100%)
Owner Occupied HU	3,865 (40.1%)
Renter Occupied HU	5,141 (53.4%)
Vacant Housing Units	621 ( 6.5%)
Median Home Value	$370,996
Average Home Value	$398,226