770 Salisbury St APT 333WorcesterMA01609
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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
Investment property for sale in Worcester at 770 Salisbury St APT 333, Worcester, MA, 01609 offers a 8.4% rental yield on a $325,000 purchase with $2,275/mo rent. Total monthly income registers $2,275/mo, and a $1,591/mo payment leaves $226/mo available for distribution. Annual cash flow reaches $2,715/yr on $107,738 to close, and return on cash invested stands at 22.43% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 116.54% and total cumulative return in cash at $125,557. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,275/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
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: Thomas W. Davis • Rick McPhee Real Estate
Mls Name: MLS PIN
Mls ID: #73473593