8 Modred CtWorcesterMA01602
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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 8 Modred Ct, Worcester, MA, 01602 offers $3,900/mo rent that, after a $3,010/mo payment, leaves $24/mo cash flow. Total monthly income is $3,900/mo, and annual cash flow is $288/yr on $202,302 cash. Return on cash invested measures 20.2% in year one, and rental yield stands at 7.61% at a $614,900 entry. Equity gained on principal adds $3,968/yr while 5% annual appreciation compounds into $169,886 by year five. Five-year ROI records 104.55% and total cumulative return in cash reaches $211,510. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,900/mo property income versus a $3,010/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.28 Acres 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
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Listed by: Maria Reed • RE/MAX Vision
Mls Name: MLS PIN
Mls ID: #73469096