65 Lake Ave APT 831WorcesterMA01604
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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
Investment Highlights
Rental property for sale in Worcester at 65 Lake Ave APT 831, Worcester, MA, 01604 generates $3,374/mo in rent and, after a $2,271/mo payment, leaves $450/mo in cash flow. Total monthly income is $3,374/mo, and annual cash flow is $5,394/yr on $153,816 invested. Return on cash invested sits at 23.42% in year one, and rental yield is 8.73% on a $464,000 entry. Equity gained on principal adds $2,994/yr, while 5% annual appreciation builds toward $128,195 over five years. Five-year ROI reaches 121.8% and total cumulative return in cash sums $187,353. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,374/mo property income rather than buyer’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01604, Worcester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,399 (100%) |
| Owner Occupied HU | 7,277 (39.6%) |
| Renter Occupied HU | 10,006 (54.4%) |
| Vacant Housing Units | 1,116 ( 6.1%) |
| Median Home Value | $391,828 |
| Average Home Value | $466,459 |
Housing Distribution
Address Breakdown
Residential
15,186
Single Family
11,687
Multi-Family
3,499
Businesses
1,103
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Listed by: Konstantina Choros • Isos Realty, LLC
Mls Name: MLS PIN
Mls ID: #73405069