308 Plantation St, Worcester, MA, 01604 | 3.8% Rental Yield

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308 Plantation St, Worcester, MA, 01604 | 3.8% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Worcester at 308 Plantation St, Worcester, MA, 01604 listed at $879,000 pairs $2,786/mo rent with a $4,302/mo payment. Total monthly income runs $2,786/mo. Return on cash invested measures 8.63% in year one, and rental yield registers 3.8% at a $879,000 basis. Equity gained on principal adds $5,672/yr, and annual property appreciation at 5% supports $242,851 by year five. Five-year ROI tracks 42.5% and total cumulative return in cash totals $122,910. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,786/mo property income relative to a $4,302/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 1860

0.73 Acres lot

$N/A/sqft

No HOA

More details about the property

Open House this Saturday (October 25) from 12:00 - 2:00 pm!. Attention Investors/developers Solid brick three family home offering over 1,650 sq. ft. per unit, each featuring 3 bedrooms with potential for a 4th. Situated on a spacious 0.73-acre lot, this property provides a possible conversion to six family, great opportunity to add on to existing structure with more apartments (or build separate structure in back w/right of way). Prime east side location within walking distance to UMass Medical Center, with easy access to major highways, Downtown Worcester, Shrewsbury Street, Polar Park, and Lake Quinsigamond. Solid as it stands and ready for your updatesbring your vision and unlock this propertys full potential. Excellent opportunity for investors or owner-occupants seeking space, location, and growth potential.

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