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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Worcester at 1511 Main St UNIT C405, Worcester, MA, 01603 uses $81,184 cash to close to unlock $2,437/yr annual cash flow and $203/mo monthly cash flow. Total monthly income runs $1,747/mo, and a $1,199/mo payment keeps the spread at $203/mo. Purchase price stands at $244,900, and rental yield measures 8.56% with $1,747/mo rent. Return on cash invested shows 22.91% in year one, and 5% annual appreciation builds toward $67,661 over five years. Five-year ROI reaches 119.14% and total cumulative return in cash records $96,725. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,747/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Condo
Built in 1890
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 01603, Worcester, MA area.
| 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 |
Residential
7,439
Single Family
6,118
Multi-Family
1,321
Businesses
677
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Deanna Faucher • Lamacchia Realty, Inc.
Mls Name: MLS PIN
Mls ID: #73443211
