340 Lake Ave NWorcesterMA01605
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 340 Lake Ave N, Worcester, MA, 01605 in Worcester is a conservative rental investment at $453,500. Rental yield 6.61%. A 1.23 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $125,294; $4,177/yr in principal paydown supplements. Total projected return: $149,050.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 8.0% |
| Monthly Cash Flow | $(360) | $300 |
City averages based on Worcester market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,498 |
| Total Monthly Debt Service | $2,678 |
| DSCR Ratio | 0.93x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1926
3,705 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
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
Single Family
Built in 1926
3,705 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MLS PIN
Mls ID: #73488060