22 Baker St, Worcester, MA, 01603 | 5.64% Rental Yield

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22 Baker St, Worcester, MA, 01603 | 5.64% 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

Total monthly income runs $2,796/mo, and a $2,912/mo payment. Purchase price stands at $595,000, and rental yield measures 5.64% with $2,796/mo rent. Return on cash invested shows 14.21% in year one, and 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 72.43% and total cumulative return in cash records $141,782. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,796/mo property income covering a $2,912/mo payment rather than investor’s personal income.

Multi Family

Built in 1890

9,685 sqft lot

$N/A/sqft

No HOA

More details about the property

Stop what you're doing & check out this MASSIVE 2-family tucked away on a quiet street just outside of Webster Sq. The space & potential here are endless. The 1st floor features a giant 3 bedroom 2 bath apartment with a primary suite, an attached sunroom & large deck. You'll appreciate the hardwood floors & natural woodwork throughout. The 2nd floor apartment also features hardwood floors & large rooms throughout & can be combined with the finished attic to make a 4-5 bedroom 2 bath unit. The views from this apartment are absolutely beautiful. 1st & 2nd floors are heated with oil. 3rd floor is heated by electric. There is plenty of off-street parking and a good size back yard. Excellent opportunity for an owner occupant willing to put in a little work or a perfect opportunity for an investor. The location & size of the units will command top rents. Buildings this size don't come available often. Schedule a showing today before it's gone!

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