54 Chatham St, Worcester, MA, 01609 | 4.41% Rental Yield

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54 Chatham St, Worcester, MA, 01609 | 4.41% Rental Yield | 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

Rental property for sale in Worcester at 54 Chatham St, Worcester, MA, 01609 priced at $625,000 pairs $2,299/mo rent with after a $3,059/mo payment. Total monthly income equals $2,299/mo. Return on cash invested is 10.49% in year one, and rental yield stands at 4.41% on a $625,000 basis. Equity gained on principal adds $4,033/yr, and 5% annual appreciation accumulates to $172,676 by year five. Five-year ROI measures 52.44% and total cumulative return in cash reaches $107,821. For financing, Ziffy Mortgage’s DSCR program evaluates $2,299/mo property income against a $3,059/mo payment instead of your W2s, 1099s, or Tax returns.

Multi Family

Built in 1900

4,797 sqft lot

$N/A/sqft

No HOA

More details about the property

Located near Unition Station T, Polar Park and theTheater district of Worcester, this multifamily property deeded as a 2 family has been used as 3 units for over 25 years. The property has some recent updates include flooring, kitchen, appliances, and painted rooms. There is bonus room on the first floor with a half bath which the new owner could use as a home office or study. There are 3 off-street tandem parking spaces as well as a backyard. The close proximity to downtown, transportion, shopping, restaurants along with major highways makes this location perfect for the Buyer who needs these amenities. Property is fully occupied and perfect for an invester. Don't miss out on this one! Group showing on Thursday, September 4th at 4:30PM-5:30 PM

Neighborhood Data

Neighborhood data shown for ZIP Code: 01609, Worcester, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,160 (100%)
Owner Occupied HU	2,760 (30.1%)
Renter Occupied HU	5,665 (61.8%)
Vacant Housing Units	735 ( 8.0%)
Median Home Value	$508,937
Average Home Value	$545,674