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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Worcester at 229 Vernon St APT 1, Worcester, MA, 01607 offers $1,981/mo rent that, after a $1,150/mo payment, leaves $80/mo cash flow. Total monthly income is $1,981/mo, and annual cash flow is $960/yr on $77,903 cash. Return on cash invested measures 21.14% in year one, and rental yield stands at 10.12% at a $235,000 entry. Equity gained on principal adds $1,516/yr while 5% annual appreciation compounds into $64,926 by year five. Five-year ROI records 111.99% and total cumulative return in cash reaches $87,244. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,981/mo property income versus a $1,150/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A lot
$N/A/sqft
$420 monthly HOA
Neighborhood data shown for ZIP Code: 01607, Worcester, MA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,617 (100%) |
| Owner Occupied HU | 1,759 (38.1%) |
| Renter Occupied HU | 2,561 (55.5%) |
| Vacant Housing Units | 297 ( 6.4%) |
| Median Home Value | $375,391 |
| Average Home Value | $455,244 |
Residential
3,624
Single Family
3,161
Multi-Family
463
Businesses
237
Date | Event | Price |
|---|---|---|
| 2025-02-06 | Listed for sale | $235,000 |
| 2021-11-02 | Listing removed | N/A |
| 2021-10-21 | Listed for rent | $1,350 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-15 | $2349.00 | 12.18% | $170,800 | 16.99% |
| 2023-02-15 | $2094.00 | 50.65% | $146,000 | 59.74% |
| 2022-02-15 | $1390.00 | 9.36% | $91,400 | 17.03% |
Listed by: Team Lillian Montalto • Lillian Montalto Signature Properties
Mls Name: MLS PIN
Mls ID: #73333066
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
