323 Burncoat StWorcesterMA01606
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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
Investment Highlights
Investment property for sale in Worcester at 323 Burncoat St, Worcester, MA, 01606 uses $112,710 cash to close to unlock $12,758/yr annual cash flow and $1,063/mo monthly cash flow. Total monthly income runs $3,206/mo, and a $1,664/mo payment keeps the spread at $1,063/mo. Purchase price stands at $340,000, and rental yield measures 11.32% with $3,206/mo rent. Return on cash invested shows 31.23% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 163.72% and total cumulative return in cash records $184,530. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,206/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1927
6,875 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01606, Worcester, MA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,698
Single Family
7,671
Multi-Family
1,027
Businesses
640
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Listed by: Kenneth Davis • Omni Realty Associates, LLC
Mls Name: MLS PIN
Mls ID: #73404363