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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Worcester at 247 Saint Nicholas Ave, Worcester, MA, 01606 with 5% annual appreciation on a $450,000 basis while $2,993/mo rent supports operations. Total monthly income totals $2,993/mo and a $2,203/mo payment preserves $156/mo for cash returns. Annual cash flow comes to $1,875/yr on $149,175 deployed, and return on cash invested reaches 21.17% in year one. Equity gained on principal adds $2,904/yr, and five-year appreciation sums $124,327 alongside rental yield of 7.98%. Five-year ROI measures 109.75% and total cumulative return in cash totals $163,722.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,993/mo property income versus a $2,203/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
7,550 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 01606, Worcester, MA area.
| 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 |
Residential
8,698
Single Family
7,671
Multi-Family
1,027
Businesses
640
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: James Carlson • Settlers Realty Group, LLC
Mls Name: MLS PIN
Mls ID: #73436478
