1012 W Elm Ave, Hanover, PA, 17331 | 6.19% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1012 W Elm Ave, Hanover, PA, 17331 | 6.19% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,650/mo, and a $1,566/mo payment. Purchase price stands at $320,000, and rental yield measures 6.19% with $1,650/mo rent. Return on cash invested shows 14.86% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 76.25% and total cumulative return in cash records $80,883. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,650/mo property income covering a $1,566/mo payment rather than investor’s personal income.

Single Family

Built in 1946

0.33 Acres lot

$N/A/sqft

No HOA

More details about the property

This unique property includes a home and two detached garages (6+ total spaces), on a large flat lot. The home itself is updated throughout and offers one-story living. The larger detached garage includes an office, a half bathroom and a 1000+ sq ft garage. The smaller detached garage includes more garage space plus a finished bonus space for a game room, office, etc. Out back there is also a 600 sq ft covered porch surrounded by a fenced-in yard making this the perfect property to enjoy the outdoors and entertain. This property is also zoned Village Commercial which allows you to use this as a residence only or you can run a small business here too! Reach out to us to learn more about this property or set up a showing.

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