355 Granite St, Worcester, MA, 01607 | $639/mo Cash Flow

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355 Granite St, Worcester, MA, 01607 | $639/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

Investment property for sale in Worcester at 355 Granite St, Worcester, MA, 01607 offers a 8.84% rental yield on a $599,995 purchase with $4,421/mo rent. Total monthly income registers $4,421/mo, and a $2,937/mo payment leaves $639/mo available for distribution. Annual cash flow reaches $7,668/yr on $197,398 to close, and return on cash invested stands at 23.94% in year one. Equity gained on principal adds $3,872/yr while 5% annual appreciation supports $165,768 over five years. Portfolio math shows five-year ROI at 124.6% and total cumulative return in cash at $245,950. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,421/mo property income against a $2,937/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1985

0.36 Acres lot

$N/A/sqft

No HOA

More details about the property

Recently updated raised ranch with all major renovations completed for your convenience with central AC. The first floor features three comfortable bedrooms and two full bath. The lower level adds versatility , serving as fourth bedroom or in-law suite. The kitchen a boast white cabinetry, white quartz countertops and new appliances , step outside to a newly constructed deck, perfect for enjoying views of the tranquil wooded surroundings. Ideally situated just off Route 20, near Auburn and Millbury, this home offers ample space and comforts you seek. Potential Closing cost assistance depending on received offers.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01607, Worcester, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,617 (100%)
Owner Occupied HU	1,759 (38.1%)
Renter Occupied HU	2,561 (55.5%)
Vacant Housing Units	297 ( 6.4%)
Median Home Value	$375,391
Average Home Value	$455,244