509 Grafton StWorcesterMA01604
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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 509 Grafton St, Worcester, MA, 01604 priced at $869,000 converts $2,318/mo rent into after a $4,253/mo obligation. Total monthly income equals $2,318/mo. Return on cash invested prints 6.8% in year one, and rental yield reads 3.2% against a $869,000 entry. Equity gained on principal adds $5,608/yr, while 5% annual appreciation compiles into $240,089 by year five. Five-year ROI reaches 32.68% and total cumulative return in cash sums $93,431. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,318/mo property income covering a $4,253/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
8,341 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: James Glickman • NAI Glickman Kovago & Jacobs
Mls Name: MLS PIN
Mls ID: #73416220