22 Russell StWorcesterMA01609
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 22 Russell St, Worcester, MA, 01609 in Worcester. Rental yield 4.21%. At $730,000 with 4.21% gross yield, current distributions are modest, but the 5% appreciation rate projects $201,686 in new equity by year five, complemented by $6,723/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.78) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $145,993.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.2% | 8.0% |
| Monthly Cash Flow | $(2,038) | $300 |
City averages based on Worcester market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,563 |
| Total Monthly Debt Service | $4,311 |
| DSCR Ratio | 0.59x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1890
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01609, Worcester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,160 (100%) |
| Owner Occupied HU | 2,760 (30.1%) |
| Renter Occupied HU | 5,665 (61.8%) |
| Vacant Housing Units | 735 ( 8.0%) |
| Median Home Value | $508,937 |
| Average Home Value | $545,674 |
Housing Distribution
Address Breakdown
Residential
7,679
Single Family
4,769
Multi-Family
2,910
Businesses
701
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
Multi Family
Built in 1890
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01609, Worcester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,160 (100%) |
| Owner Occupied HU | 2,760 (30.1%) |
| Renter Occupied HU | 5,665 (61.8%) |
| Vacant Housing Units | 735 ( 8.0%) |
| Median Home Value | $508,937 |
| Average Home Value | $545,674 |
Housing Distribution
Address Breakdown
Residential
7,679
Single Family
4,769
Multi-Family
2,910
Businesses
701
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices