24 Benham St #BWorcesterMA01604
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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
Rental property for sale in Worcester at 24 Benham St #B, Worcester, MA, 01604 offers $2,830/mo rent that, after a $1,953/mo payment, leaves $315/mo cash flow. Total monthly income is $2,830/mo, and annual cash flow is $3,781/yr on $132,269 cash. Return on cash invested measures 22.77% in year one, and rental yield stands at 8.51% at a $399,000 entry. Equity gained on principal adds $2,575/yr while 5% annual appreciation compounds into $110,236 by year five. Five-year ROI records 118.35% and total cumulative return in cash reaches $156,542. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,830/mo property income versus a $1,953/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
4,103 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
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Listed by: Cecelia Powers • RE/MAX Generations
Mls Name: MLS PIN
Mls ID: #73426872