24 Grand StWorcesterMA01610
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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 Grand St, Worcester, MA, 01610 offers $2,400/mo rent that, after a $3,021/mo payment. Total monthly income is $2,400/mo. Return on cash invested measures 11.25% in year one, and rental yield stands at 4.67% at a $617,200 entry. Equity gained on principal adds $3,983/yr while 5% annual appreciation compounds into $170,521 by year five. Five-year ROI records 56.54% and total cumulative return in cash reaches $114,816. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,400/mo property income versus a $3,021/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1910
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01610, Worcester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,833 (100%) |
| Owner Occupied HU | 1,585 (16.1%) |
| Renter Occupied HU | 7,316 (74.4%) |
| Vacant Housing Units | 932 ( 9.5%) |
| Median Home Value | $285,833 |
| Average Home Value | $335,960 |
Housing Distribution
Address Breakdown
Residential
7,569
Single Family
4,969
Multi-Family
2,600
Businesses
551
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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