56 Elm St APT 2WorcesterMA01609
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Nearby investment properties with comparable prices
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 56 Elm St APT 2, Worcester, MA, 01609 priced at $209,900 converts $1,483/mo rent into $160/mo cash flow after a $1,027/mo obligation. Total monthly income equals $1,483/mo, and annual cash flow totals $1,925/yr on $69,582 invested. Return on cash invested prints 22.68% in year one, and rental yield reads 8.48% against a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation compiles into $57,992 by year five. Five-year ROI reaches 117.87% and total cumulative return in cash sums $82,016. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,483/mo property income covering a $1,027/mo payment, not borrower’s personal income.
Condo
Built in 1940
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,679
Single Family
4,769
Multi-Family
2,910
Businesses
701
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Listed by: TEAM Metrowest • Berkshire Hathaway HomeServices Commonwealth Real Estate
Mls Name: MLS PIN
Mls ID: #73469990