118 Bates Way, Hanover, MA, 02339 | 3.73% Rental Yield

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

Rental property for sale in Hanover at 118 Bates Way, Hanover, MA, 02339 generates $4,973/mo in rent, after a $7,831/mo payment. Total monthly income is $4,973/mo. Return on cash invested sits at 8.54% in year one, and rental yield is 3.73% on a $1,599,900 entry. Equity gained on principal adds $10,324/yr, while 5% annual appreciation builds toward $442,023 over five years. Five-year ROI reaches 41.92% and total cumulative return in cash sums $217,280. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,973/mo property income rather than buyer’s personal income.

Single Family

Built in 2002

0.71 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 02339, Hanover, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,722 (100%)
Owner Occupied HU	4,513 (78.9%)
Renter Occupied HU	1,041 (18.2%)
Vacant Housing Units	168 ( 2.9%)
Median Home Value	$784,097
Average Home Value	$821,269