23 Tiverton PkwyWorcesterMA01602
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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 23 Tiverton Pkwy, Worcester, MA, 01602 offers a 8.72% rental yield on a $499,999 purchase with $3,634/mo rent. Total monthly income registers $3,634/mo, and a $2,447/mo payment leaves $483/mo available for distribution. Annual cash flow reaches $5,794/yr on $165,750 to close, and return on cash invested stands at 23.4% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,141 over five years. Portfolio math shows five-year ROI at 121.73% and total cumulative return in cash at $201,763. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,634/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01602, Worcester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,982 (100%) |
| Owner Occupied HU | 6,252 (62.6%) |
| Renter Occupied HU | 3,352 (33.6%) |
| Vacant Housing Units | 378 ( 3.8%) |
| Median Home Value | $458,847 |
| Average Home Value | $505,577 |
Housing Distribution
Address Breakdown
Residential
9,218
Single Family
7,793
Multi-Family
1,425
Businesses
469
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Listed by: Abigail Sarante • Keller Williams Realty North Central
Mls Name: MLS PIN
Mls ID: #73468158