85 Ernest Avenue Worcester — Photo 1 of 1
$120,000
Investment Analysis — 85 Ernest Avenue
Worcester, MA 01604
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01604 carries an estimated $1,740/mo in gross rent — about a 12.02% cap rate and $14,429/yr in estimated NOI at the $120,000 list price. Adjust every assumption in the calculator below.
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This level lot is zoned RL-7 single family residential use. Come build your dream home! Great location for commuters with Mass Pike/90 & Rte 20 nearby. UMass & Lake Park & Lake Quinsigamond just minutes away. Lot has been surveyed and is approved as a single family lot. Buyer/buyer's agent to verify all intended uses, perc test results, utility access (water, sewer, electric), and municipal permitting independently.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Listing Agent: Gina Thamel
Listing Office: Century 21 North East
MLS® Number: 73535465