531 Main St APT 503, Worcester, MA, 01608 | $200/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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531 Main St APT 503, Worcester, MA, 01608 | $200/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 531 Main St APT 503, Worcester, MA, 01608 earns $200/mo cash flow from $1,618/mo rent with a $1,101/mo payment. Total monthly income totals $1,618/mo, and annual cash flow totals $2,401/yr on $74,588 capital. ROI tracks 23.13% on current figures, and rental yield reads 8.63% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 120.32% and total cumulative return in cash sums $89,745. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,618/mo property income instead of your personal income.

Condo

Built in 1930

N/A lot

$N/A/sqft

No HOA

More details about the property

You will absolutely fall in love with this 2 bedroom apartment with majestic views of the Worcester Cathedral. Beautiful sun-lit open layout, grand room with soaring cathedral ceilings, large windows. Brand new flooring all around. Brand new kitchen countertops. Central air! Building amenities include: 2 elevators, in- house state-of-the-art gym/work out room/ fitness center, laundry facilities right outside the door of the apartment - on the same floor, on-site superintendent, professional management; sprinkler system, security system with several security cameras and electronic front door keyless entry. Amazing location. Centrally located in the heart of the new and revitalized downtown Worcester. Next door to the prestigious Hannover Theater. City living at its best!

Neighborhood Data

Neighborhood data shown for ZIP Code: 01608, Worcester, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,979 (100%)
Owner Occupied HU	119 ( 4.0%)
Renter Occupied HU	2,464 (82.7%)
Vacant Housing Units	396 (13.3%)
Median Home Value	$172,917
Average Home Value	$266,389