163 N Lake Ave #A, Worcester, MA, 01605 | 4.84% Rental Yield

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163 N Lake Ave #A, Worcester, MA, 01605 | 4.84% Rental Yield | 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

Rental property for sale in Worcester at 163 N Lake Ave #A, Worcester, MA, 01605 priced at $625,000 converts $2,520/mo rent into after a $3,059/mo obligation. Total monthly income equals $2,520/mo. Return on cash invested prints 11.78% in year one, and rental yield reads 4.84% against a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation compiles into $172,676 by year five. Five-year ROI reaches 59.35% and total cumulative return in cash sums $122,041. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,520/mo property income covering a $3,059/mo payment, not borrower’s personal income.

Townhouse

Built in 2024

3,542 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover this stunning new construction waterfront home at 163 North Lake Ave in Worcester. This beautiful 3-bedroom, 2.5-bath residence offers modern comfort and breathtaking waterviews. Enjoy the luxury of lake life with dock access, perfect for boating, fishing, and relaxing by the water. Bright and spacious, the home features contemporary finishes and an open floor plan designed to take full advantage of lakefront living. Plenty of natural light, gleaming hardwood floors and plenty of room for entertaining with your open concept kitchen, living and dining. Sliders off the primary bedroom to your balcony, perfect for morning coffee and lake views! Plus, this property has no association fees. Located in close proximity to UMass Hospital and all major routes, it provides both tranquility and convenient access to essential amenities including amazing restaurants nearby Whether you're seeking a peaceful retreat or an active lifestyle, this exceptional lake view home is ready for you!