6 Ludington RdWorcesterMA01602
Nearby investment properties with comparable rents
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 6 Ludington Rd, Worcester, MA, 01602 priced at $409,000 pairs $2,855/mo rent with $277/mo cash flow after a $2,002/mo payment. Total monthly income equals $2,855/mo, and annual cash flow comes to $3,324/yr on $135,584 invested. Return on cash invested is 22.36% in year one, and rental yield stands at 8.38% on a $409,000 basis. Equity gained on principal adds $2,639/yr, and 5% annual appreciation accumulates to $112,999 by year five. Five-year ROI measures 116.12% and total cumulative return in cash reaches $157,437. For financing, Ziffy Mortgage’s DSCR program evaluates $2,855/mo property income against a $2,002/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1941
7,770 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,218
Single Family
7,793
Multi-Family
1,425
Businesses
469
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christine Hebert Scannell • Proactive Realty
Mls Name: MLS PIN
Mls ID: #73473707