23 Water StWestboroughMA01581
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 23 Water St, Westborough, MA, 01581 in Westborough hard to pass up. The 10.99% gross yield on a $395,500 purchase results in $3,622/mo in rent and $1,129/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.04). Annual cash flow of $13,546, five-year appreciation of $109,269, and $3,643/yr in equity build-up combine for a projected total cumulative return of $222,848.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 5.2% |
| Monthly Cash Flow | $1,129 | $850 |
City averages based on Westborough market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,622 |
| Total Monthly Debt Service | $2,335 |
| DSCR Ratio | 1.55x |
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 1800
6,229 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01581, Westborough, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,716 (100%) |
| Owner Occupied HU | 5,117 (58.7%) |
| Renter Occupied HU | 3,209 (36.8%) |
| Vacant Housing Units | 390 ( 4.5%) |
| Median Home Value | $676,794 |
| Average Home Value | $717,525 |
Housing Distribution
Address Breakdown
Residential
8,381
Single Family
5,962
Multi-Family
2,419
Businesses
1,262
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 1800
6,229 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01581, Westborough, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,716 (100%) |
| Owner Occupied HU | 5,117 (58.7%) |
| Renter Occupied HU | 3,209 (36.8%) |
| Vacant Housing Units | 390 ( 4.5%) |
| Median Home Value | $676,794 |
| Average Home Value | $717,525 |
Housing Distribution
Address Breakdown
Residential
8,381
Single Family
5,962
Multi-Family
2,419
Businesses
1,262
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thomas McKenna • eXp Realty
Mls Name: MLS PIN
Mls ID: #73456162