114 Ruel AveHanoverPA17331
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Hanover at 114 Ruel Ave, Hanover, PA, 17331 uses $79,527 cash to close to unlock $4,142/yr annual cash flow and $345/mo monthly cash flow. Total monthly income runs $1,917/mo, and a $1,174/mo payment keeps the spread at $345/mo. Purchase price stands at $239,900, and rental yield measures 9.59% with $1,917/mo rent. Return on cash invested shows 25.12% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 131.3% and total cumulative return in cash records $104,419. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,917/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1992
8,368 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joe Washburn • Century 21 Realty Services
Mls Name: Bright MLS
Mls ID: #PAYK2086602