16 Gates St, Worcester, MA, 01610 | 3.85% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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16 Gates St, Worcester, MA, 01610 | 3.85% Rental Yield | Ziffy

For Sale

Currently Rented

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 16 Gates St, Worcester, MA, 01610 offers a 3.85% rental yield on a $860,000 purchase with $2,761/mo rent. 78% in year one. Equity gained on principal adds $5,549/yr while 5% annual appreciation supports $237,602 over five years. Portfolio math shows five-year ROI at 43.29% and total cumulative return in cash at $122,477. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,761/mo property income against a $4,209/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1910

0.33 Acres lot

$N/A/sqft

No HOA

More details about the property

Don't miss this great investment opportunity steps from Clark University! This large 4 family with three 3 bed units and a 2 bed unit is fully rented with room for improvements and rent increases in coming months. The property offers a great level backyard abutting the park with .33 acres offering expansion opportunities with an attached or detached ADU. Two other properties one street over being offered by seller at 21 Grand & 27 Grand Street for a potential 3 property 10 unit portfolio opportunity. Call for details.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01610, Worcester, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,833 (100%)
Owner Occupied HU	1,585 (16.1%)
Renter Occupied HU	7,316 (74.4%)
Vacant Housing Units	932 ( 9.5%)
Median Home Value	$285,833
Average Home Value	$335,960