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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Worcester at 51 Alvarado Ave APT 101, Worcester, MA, 01604 offers a 9.62% rental yield on a $269,999 purchase with $2,165/mo rent. Total monthly income registers $2,165/mo, and a $1,322/mo payment leaves $231/mo available for distribution. Annual cash flow reaches $2,769/yr on $89,505 to close, and return on cash invested stands at 23% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,596 over five years. Portfolio math shows five-year ROI at 120.71% and total cumulative return in cash at $108,037. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,165/mo property income against a $1,322/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
N/A lot
$N/A/sqft
$232 monthly HOA
Neighborhood data shown for ZIP Code: 01604, Worcester, MA area.
| 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 |
Residential
15,186
Single Family
11,687
Multi-Family
3,499
Businesses
1,103
Date | Event | Price |
|---|---|---|
| 2025-03-10 | Listed for sale | $269,999 |
| 1988-09-08 | Sold | $690,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-12 | $2677.00 | 0.87% | $194,700 | 5.19% |
| 2023-03-12 | $2654.00 | 9.67% | $185,100 | 16.34% |
| 2022-03-12 | $2420.00 | -6.92% | $159,100 | -0.38% |
Listed by: Nicholas Lorusso • HomeSmart Professionals Real Estate
Mls Name: MLS PIN
Mls ID: #73342953
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
