5 & 31 Amber St, Worcester, MA, 01602 | $637/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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5 & 31 Amber St, Worcester, MA, 01602 | $637/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 5 & 31 Amber St, Worcester, MA, 01602 priced at $375,000 converts $3,000/mo rent into $637/mo cash flow after a $1,835/mo obligation. Total monthly income equals $3,000/mo, and annual cash flow totals $7,642/yr on $124,313 invested. Return on cash invested prints 26.06% in year one, and rental yield reads 9.6% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 135.96% and total cumulative return in cash sums $169,011. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $1,835/mo payment, not borrower’s personal income.

Single Family

Built in 1923

0.29 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home! This ranch-style property sits on a quiet dead-end st offering privacy while still being just mins to major highways, Coes Pond, Worcester State Univ & hospitals. Inside youll find a bright living room & kitchen/dining area w/ exposed beams, 23 bdrm w/ full bth. Finished basement (that was gutted & all redone 2 yrs ago) w/ cozy fireplace & bar plus direct access to your in-ground pool & basketball area for summer enjoyment. While the home could use some updating, a little vision & effort will bring instant equity. Recent updates incl newer siding, windows, new hot water heater & energy-efficient solar panels to help w/ electric costs. Huge bonus-the sale also includes an adjoining 7,500 sf lot (31 Amber St) designated by town as developable & separately assessed at $120K. W/ this EXTRA LOT incl, the property is priced to sell & presents a rare opp for expansion or investment, offering one-level living, outdoor space & equity-building opps. This one is not to be missed

Neighborhood Data

Neighborhood data shown for ZIP Code: 01602, Worcester, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,982 (100%)
Owner Occupied HU	6,252 (62.6%)
Renter Occupied HU	3,352 (33.6%)
Vacant Housing Units	378 ( 3.8%)
Median Home Value	$458,847
Average Home Value	$505,577