Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Worcester at 531 Main St APT 503, Worcester, MA, 01608 generates $1,778/mo in rent and, after a $974/mo payment, leaves $116/mo in cash flow. Total monthly income is $1,778/mo, and annual cash flow is $1,389/yr on $65,969 invested. Return on cash invested sits at 22.01% in year one, and rental yield is 10.72% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 116.97% and total cumulative return in cash sums $77,166. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,778/mo property income rather than buyer’s personal income.
Condo
Built in 1930
N/A lot
$N/A/sqft
$408 monthly HOA
Neighborhood data shown for ZIP Code: 01608, Worcester, MA area.
| 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 |
Residential
2,462
Single Family
462
Multi-Family
2,000
Businesses
651
Date | Event | Price |
|---|---|---|
| 2024-11-06 | Price change | $199,000 |
| 2024-10-23 | Price change | $229,000 |
| 2024-10-11 | Listed for sale | $239,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $1653.00 | 15.27% | $115,300 | 22.27% |
| 2022-11-11 | $1434.00 | 24.26% | $94,300 | 33.00% |
| 2021-11-11 | $1154.00 | -11.16% | $70,900 | -7.20% |
Listed by: Mia Fisher • Berkshire Hathaway HomeServices Commonwealth Real Estate
Mls Name: MLS PIN
Mls ID: #73301335
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.
