21 Illinois St APT 508WorcesterMA01610
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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
Investment Highlights
Investment property for sale in Worcester at 21 Illinois St APT 508, Worcester, MA, 01610 uses $79,229 cash to close to unlock $1,829/yr annual cash flow and $152/mo monthly cash flow. Total monthly income runs $1,659/mo, and a $1,170/mo payment keeps the spread at $152/mo. Purchase price stands at $239,000, and rental yield measures 8.33% with $1,659/mo rent. Return on cash invested shows 22.22% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 115.4% and total cumulative return in cash records $91,428. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,659/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Condo
Built in 1920
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,569
Single Family
4,969
Multi-Family
2,600
Businesses
551
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Listed by: Natasha Smith Durand • Zander Realty Group
Mls Name: MLS PIN
Mls ID: #73435034