101 Homestead DrHanoverPA17331
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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 Hanover at 101 Homestead Dr, Hanover, PA, 17331 priced at $294,990 converts $1,740/mo rent into after a $1,444/mo obligation. Total monthly income equals $1,740/mo. Return on cash invested prints 17.54% in year one, and rental yield reads 7.08% against a $294,990 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,500 by year five. Five-year ROI reaches 90.61% and total cumulative return in cash sums $88,607. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,740/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
5,307 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17331, Hanover, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,335 (100%) |
| Owner Occupied HU | 16,778 (68.9%) |
| Renter Occupied HU | 6,231 (25.6%) |
| Vacant Housing Units | 1,326 ( 5.4%) |
| Median Home Value | $271,664 |
| Average Home Value | $303,759 |
Housing Distribution
Address Breakdown
Residential
23,654
Single Family
23,023
Multi-Family
631
Businesses
1,587
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Listed by: Brittany Newman • DRB Group Realty, LLC
Mls Name: Bright MLS
Mls ID: #PAYK2092760