24 Litchfield StWorcesterMA01603
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 24 Litchfield St, Worcester, MA, 01603 in Worcester speaks for itself: 10.78% gross on a $309,900 price, generating $2,783/mo in rent and $830/mo in net income after the $1,394/mo debt service. DSCR 2.00, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $9,955 stacks alongside $85,620 in projected five-year appreciation and $2,854/yr in principal reduction. Projected total cumulative return: $171,051.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 8.0% |
| Monthly Cash Flow | $830 | $300 |
City averages based on Worcester market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,783 |
| Total Monthly Debt Service | $1,830 |
| DSCR Ratio | 1.52x |
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 1880
3,392 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01603, Worcester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,627 (100%) |
| Owner Occupied HU | 3,865 (40.1%) |
| Renter Occupied HU | 5,141 (53.4%) |
| Vacant Housing Units | 621 ( 6.5%) |
| Median Home Value | $370,996 |
| Average Home Value | $398,226 |
Housing Distribution
Address Breakdown
Residential
7,439
Single Family
6,118
Multi-Family
1,321
Businesses
677
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 1880
3,392 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01603, Worcester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,627 (100%) |
| Owner Occupied HU | 3,865 (40.1%) |
| Renter Occupied HU | 5,141 (53.4%) |
| Vacant Housing Units | 621 ( 6.5%) |
| Median Home Value | $370,996 |
| Average Home Value | $398,226 |
Housing Distribution
Address Breakdown
Residential
7,439
Single Family
6,118
Multi-Family
1,321
Businesses
677
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Olotu J. Wariebi • Property Investors & Advisors, LLC
Mls Name: MLS PIN
Mls ID: #73433541