23 Clarendon StWorcesterMA01604
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 23 Clarendon St, Worcester, MA, 01604 in Worcester hard to pass up. The 10.91% gross yield on a $329,000 purchase results in $2,990/mo in rent and $917/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.02). Annual cash flow of $11,001, five-year appreciation of $90,897, and $3,030/yr in equity build-up combine for a projected total cumulative return of $183,923.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 8.0% |
| Monthly Cash Flow | $917 | $300 |
City averages based on Worcester market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,990 |
| Total Monthly Debt Service | $1,943 |
| DSCR Ratio | 1.54x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1898
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01604, Worcester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,399 (100%) |
| Owner Occupied HU | 7,277 (39.6%) |
| Renter Occupied HU | 10,006 (54.4%) |
| Vacant Housing Units | 1,116 ( 6.1%) |
| Median Home Value | $391,828 |
| Average Home Value | $466,459 |
Housing Distribution
Address Breakdown
Residential
15,186
Single Family
11,687
Multi-Family
3,499
Businesses
1,103
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
Single Family
Built in 1898
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01604, Worcester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,399 (100%) |
| Owner Occupied HU | 7,277 (39.6%) |
| Renter Occupied HU | 10,006 (54.4%) |
| Vacant Housing Units | 1,116 ( 6.1%) |
| Median Home Value | $391,828 |
| Average Home Value | $466,459 |
Housing Distribution
Address Breakdown
Residential
15,186
Single Family
11,687
Multi-Family
3,499
Businesses
1,103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Ortega • eXp Realty
Mls Name: MLS PIN
Mls ID: #73403053