31 Chestnut St APT 4WorcesterMA01609
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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
Investment Highlights
Investment property for sale in Worcester at 31 Chestnut St APT 4, Worcester, MA, 01609 at $249,900 posts ROI 30.85% with $755/mo cash flow from $2,330/mo rent. Total monthly income equals $2,330/mo, and annual cash flow records $9,061/yr on $82,842 to close. Return on cash invested measures 30.85% and rental yield reads 11.19% at the current $249,900. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 by year five. Five-year ROI prints 161.7% and total cumulative return in cash totals $133,958.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,330/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01609, Worcester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,160 (100%) |
| Owner Occupied HU | 2,760 (30.1%) |
| Renter Occupied HU | 5,665 (61.8%) |
| Vacant Housing Units | 735 ( 8.0%) |
| Median Home Value | $508,937 |
| Average Home Value | $545,674 |
Housing Distribution
Address Breakdown
Residential
7,679
Single Family
4,769
Multi-Family
2,910
Businesses
701
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Listed by: The Riel Estate Team • Keller Williams Pinnacle Central
Mls Name: MLS PIN
Mls ID: #73402696