32 Melrose St, Worcester, MA, 01605 | $231/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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32 Melrose St, Worcester, MA, 01605 | $231/mo Cash Flow | 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

Rental property for sale in Worcester at 32 Melrose St, Worcester, MA, 01605 priced at $549,900 pairs $3,696/mo rent with $231/mo cash flow after a $2,691/mo payment. Total monthly income equals $3,696/mo, and annual cash flow comes to $2,767/yr on $180,917 invested. Return on cash invested is 21.59% in year one, and rental yield stands at 8.07% on a $549,900 basis. Equity gained on principal adds $3,548/yr, and 5% annual appreciation accumulates to $151,927 by year five. Five-year ROI measures 111.97% and total cumulative return in cash reaches $202,574. For financing, Ziffy Mortgage’s DSCR program evaluates $3,696/mo property income against a $2,691/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1910

6,793 sqft lot

$N/A/sqft

No HOA

More details about the property

Amazing single-family home in the heart of Worcester. This home offers an open floor plan, hardwood floors, tiled fireplace and recessed lighting. Spacious kitchen with quality cabinetry and granite countertops, and stainless-steel appliances. NEW ductless heating A/C system. Home is fully insulated and with updated electrical, plumbing and vinyl replacement windows This property has character and delightful modern finishes. Next to the living room is a large family room with recessed lights. Enclosed porch on the back faces beautiful fenced in yard. With a NEW retaining wall and patio. The 2nd floor boasts 3 good size bedrooms and a full bath with Mosaic tile bath surround and double vanity. Finished basement with a full bath and kitchenette with walk out access to yard. Easy access to I-290, I-190 and 495. ** Open houses on Saturday Oct 4 from 12pm to 2pm and Sunday Oct 5 from 12pm to 2pm **