2 Keen StWorcesterMA01603
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2 Keen St, Worcester, MA, 01603 uses $112,677 cash to close to unlock $14,872/yr annual cash flow and $1,239/mo monthly cash flow. Total monthly income runs $3,382/mo, and a $1,664/mo payment keeps the spread at $1,239/mo. Purchase price stands at $339,900, and rental yield measures 11.94% with $3,382/mo rent. Return on cash invested shows 33.11% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 173.8% and total cumulative return in cash records $195,827. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,382/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1900
6,960 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,439
Single Family
6,118
Multi-Family
1,321
Businesses
677
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mohamed Essaouabi • Century 21 North East Homes
Mls Name: MLS PIN
Mls ID: #73413166