Investment Analysis — 21 Mill Street Court #3

Lancaster, MA 01523

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01523 carries an estimated $3,800/mo in gross rent — about a 13.67% cap rate and $26,654/yr in estimated NOI at the $195,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

800

Style

Condominium

Built

1900

Fantastic opportunity to buy this 3 bedroom,1 bath townhouse-style condo thats priced to sell!! ATTENTION contractors/investors or buyers looking to build equity! This unit offers five rooms, a full basement for additional storage - two off-street parking spaces. Located in a small professionally managed 6-unit complex and pets are allowed. Condo fee INCLUDES water, sewer, master insurance, exterior maintenance, landscaping, snow removal and management. Property is being sold AS-IS. The unit has had some work completed, while still offering plenty of opportunity for additional updating and improvements. Walk out basement. Great schools! Conveniently located near shopping, public transportation, walking/jogging trails, schools and the T-station. Great opportunity!

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 MLS and other third-party data may be inaccurate or out of date.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.