34 King Philip Rd, Worcester, MA, 01606 | 4.39% Rental Yield

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34 King Philip Rd, Worcester, MA, 01606 | 4.39% 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

Rental property for sale in Worcester at 34 King Philip Rd, Worcester, MA, 01606 priced at $849,000 pairs $3,108/mo rent with after a $4,155/mo payment. Total monthly income equals $3,108/mo. Return on cash invested is 10.43% in year one, and rental yield stands at 4.39% on a $849,000 basis. Equity gained on principal adds $5,478/yr, and 5% annual appreciation accumulates to $234,563 by year five. Five-year ROI measures 52.11% and total cumulative return in cash reaches $145,556. For financing, Ziffy Mortgage’s DSCR program evaluates $3,108/mo property income against a $4,155/mo payment instead of your W2s, 1099s, or Tax returns.

Multi Family

Built in 1888

8,671 sqft lot

$N/A/sqft

No HOA

More details about the property

Three story in Burncoat/Greenwood section of Worcester off Burncoat Street near Burncoat schools. Current rentals total $5500 month for 3 large size apartments - no tiny rooms here! Two beds each plus double parlors (or third bedroom) with front and back porches - 1400 sq/ft per apartment - these rooms are huge! Gorgeous hardwoods and tons of space - lovingly cared for by same family for 50 years. Vinyl siding and replacement windows already complete. Off street parking for 5 cars. Trex deck overlooking good size private backyard - rare in Worcester. All electric and plumbing updated in past 3 years. First floor has granite kitchen counters and new bath.

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