56 Olga Ave, Worcester, MA, 01605 | 3.18% Rental Yield

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56 Olga Ave, Worcester, MA, 01605 | 3.18% Rental Yield | Ziffy

For Sale

Rental Income

Listed for sale 4 days ago

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 56 Olga Ave, Worcester, MA, 01605 generates $1,949/mo in rent, after a $3,602/mo payment. Total monthly income is $1,949/mo. Return on cash invested sits at 6.73% in year one, and rental yield is 3.18% on a $735,900 entry. Equity gained on principal adds $4,749/yr, while 5% annual appreciation builds toward $203,316 over five years. Five-year ROI reaches 32.29% and total cumulative return in cash sums $78,187. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,949/mo property income rather than buyer’s personal income.

Multi Family

Built in 1913

4,773 sqft lot

$N/A/sqft

No HOA

More details about the property

This well-maintained 3-family multifamily property with a 5 year newer roof is in a convenient Worcester location. Each unit features 3 bedrooms and 1 full bath, spacious eat-in kitchens, separate living areas, generous storage, and private porches. Washer/dryer hookups on each floor (machines tenant-owned) with rear hall storage areas.The property is fully occupied with long-term, responsible tenants and offers below-market rents, providing excellent upside potential. Exterior highlights include vinyl siding, a private fenced backyard shared by all units, tandem off-street parking for up to four cars, plus ample on-street parking. Ideally located near restaurants, shopping, UMass Memorial and St. Vincent Hospitals, with easy access to I-290 and Route 9 (Belmont St.). Turn-key investment with strong cash flow potential and owner-occupant opportunity. First floor Lease ends October 2026. Others are TAW.