24 Cobblestone Ln #7WorcesterMA01606
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 24 Cobblestone Ln #7, Worcester, MA, 01606 in Worcester achieves a 1.60 ratio at $419,000: $3,023/mo rent versus $1,884/mo debt service. Rental yield 8.66%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 8.66% yield compounds alongside 5% annual appreciation projecting $115,762 in value. Total projected cumulative return: $183,681.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 8.0% |
| Monthly Cash Flow | $(233) | $300 |
City averages based on Worcester market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,023 |
| Total Monthly Debt Service | $2,474 |
| DSCR Ratio | 1.22x |
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.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01606, Worcester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,102 (100%) |
| Owner Occupied HU | 5,796 (57.4%) |
| Renter Occupied HU | 3,863 (38.2%) |
| Vacant Housing Units | 443 ( 4.4%) |
| Median Home Value | $397,630 |
| Average Home Value | $429,485 |
Housing Distribution
Address Breakdown
Residential
8,698
Single Family
7,671
Multi-Family
1,027
Businesses
640
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
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01606, Worcester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,102 (100%) |
| Owner Occupied HU | 5,796 (57.4%) |
| Renter Occupied HU | 3,863 (38.2%) |
| Vacant Housing Units | 443 ( 4.4%) |
| Median Home Value | $397,630 |
| Average Home Value | $429,485 |
Housing Distribution
Address Breakdown
Residential
8,698
Single Family
7,671
Multi-Family
1,027
Businesses
640
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jonathan Minerick • homecoin.com
Mls Name: MLS PIN
Mls ID: #73398735