57 Berwick St, Worcester, MA, 01602 | $404/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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57 Berwick St, Worcester, MA, 01602 | $404/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 57 Berwick St, Worcester, MA, 01602 uses $231,945 cash to close to unlock $4,849/yr annual cash flow and $404/mo monthly cash flow. Total monthly income runs $4,848/mo, and a $3,451/mo payment keeps the spread at $404/mo. Purchase price stands at $705,000, and rental yield measures 8.25% with $4,848/mo rent. Return on cash invested shows 22.15% in year one, and 5% annual appreciation builds toward $194,779 over five years. Five-year ROI reaches 115% and total cumulative return in cash records $266,725. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,848/mo property income covering a $3,451/mo payment rather than investor’s personal income.

Single Family

Built in 1920

0.39 Acres lot

$N/A/sqft

No HOA

More details about the property

The Lenox Neighborhood, one of Worcester's coveted enclaves of 1920's homes w/ tree-lined streets & sidewalks, welcomes 57 Berwick to the market. Hardwood floors throughout, crown molding, gorgeous built-in cabinetry, graceful and grand center staircase to the third floor, yesteryear screened porch off the LR, 3 bedrooms on the 2nd floor and a fourth on the 3rd flr w/ its own bath. A traditional formatted kitchen was expanded in a 2003 addition including a fabulous eat-in informal dining area and Fam Rm w/ gas FP. The formal DR is elegant w/ original built-ins. Formal LR w/ FP & shelving has access to the deck & screened porch. The Main Suite w/ two closets has a newer stunning spa-like bath (2019). Sparkling guest bath on 2nd floor was also redone in '19 .This home has plenty of upgrades where you want them, but the "old" essence of it is perfect. A nice size lot, garden area in the back, perennials, mahogany deck, two car garage & lots of storage. Flagg St School .7 mi. A must see!

Neighborhood Data

Neighborhood data shown for ZIP Code: 01602, Worcester, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,982 (100%)
Owner Occupied HU	6,252 (62.6%)
Renter Occupied HU	3,352 (33.6%)
Vacant Housing Units	378 ( 3.8%)
Median Home Value	$458,847
Average Home Value	$505,577