34 Scandinavia AveWorcesterMA01603
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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
Rental property for sale in Worcester at 34 Scandinavia Ave, Worcester, MA, 01603 offers $4,165/mo rent that, after a $2,912/mo payment, leaves $415/mo cash flow. Total monthly income is $4,165/mo, and annual cash flow is $4,980/yr on $195,755 cash. Return on cash invested measures 22.6% in year one, and rental yield stands at 8.4% at a $595,000 entry. Equity gained on principal adds $3,839/yr while 5% annual appreciation compounds into $164,388 by year five. Five-year ROI records 117.44% and total cumulative return in cash reaches $229,886. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,165/mo property income versus a $2,912/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
8,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01603, Worcester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,627 (100%) |
| Owner Occupied HU | 3,865 (40.1%) |
| Renter Occupied HU | 5,141 (53.4%) |
| Vacant Housing Units | 621 ( 6.5%) |
| Median Home Value | $370,996 |
| Average Home Value | $398,226 |
Housing Distribution
Address Breakdown
Residential
7,439
Single Family
6,118
Multi-Family
1,321
Businesses
677
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Listed by: Juliana B. Danquah • Century 21 XSELL REALTY
Mls Name: MLS PIN
Mls ID: #73465780