118 Hanover StHanoverMA02339
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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
Investment property for sale in Hanover at 118 Hanover St, Hanover, MA, 02339 at $850,000 posts ROI 18.16% with from $4,915/mo rent. Total monthly income equals $4,915/mo. Return on cash invested measures 18.16% and rental yield reads 6.94% at the current $850,000. Equity gained on principal adds $5,485/yr, and 5% annual appreciation supports $234,839 by year five. Five-year ROI prints 93.59% and total cumulative return in cash totals $261,718. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,915/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1763
1.38 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 |
Housing Distribution
Address Breakdown
Residential
5,605
Single Family
4,607
Multi-Family
998
Businesses
932
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Listed by: Natalia Maccarrone • RE/MAX Platinum
Mls Name: MLS PIN
Mls ID: #73467452