48 Ernest AveWorcesterMA01604
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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 48 Ernest Ave, Worcester, MA, 01604 with 5% annual appreciation on a $479,900 basis while $3,176/mo rent supports operations. Total monthly income totals $3,176/mo and a $2,349/mo payment preserves $151/mo for cash returns. Annual cash flow comes to $1,814/yr on $159,087 deployed, and return on cash invested reaches 21.05% in year one. Equity gained on principal adds $3,097/yr, and five-year appreciation sums $132,588 alongside rental yield of 7.94%. Five-year ROI measures 109.12% and total cumulative return in cash totals $173,601.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,176/mo property income versus a $2,349/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
9,505 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01604, Worcester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,399 (100%) |
| Owner Occupied HU | 7,277 (39.6%) |
| Renter Occupied HU | 10,006 (54.4%) |
| Vacant Housing Units | 1,116 ( 6.1%) |
| Median Home Value | $391,828 |
| Average Home Value | $466,459 |
Housing Distribution
Address Breakdown
Residential
15,186
Single Family
11,687
Multi-Family
3,499
Businesses
1,103
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Listed by: Cheryl Fleming • REMAX Executive Realty
Mls Name: MLS PIN
Mls ID: #73469290