119 Orchard Ln, Hanover, PA, 17331 | $191/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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119 Orchard Ln, Hanover, PA, 17331 | $191/mo Cash Flow | 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

Investment property for sale in Hanover at 119 Orchard Ln, Hanover, PA, 17331 listed at $179,900 pairs $1,370/mo rent with a $881/mo payment to leave $191/mo cash flow. Total monthly income runs $1,370/mo, and annual cash flow reaches $2,288/yr on $59,637 cash to close. Return on cash invested measures 23.75% in year one, and rental yield registers 9.14% at a $179,900 basis. Equity gained on principal adds $1,161/yr, and annual property appreciation at 5% supports $49,703 by year five. Five-year ROI tracks 123.93% and total cumulative return in cash totals $73,905. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,370/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Townhouse

Built in 1994

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautifully updated and very well maintained condo in popular Plum Creek Village! This exceptional condo is absolutely turnkey qualityupdated professional paint and luxury vinyl plank throughout! This awesome condo not only boasts the best of cosmetic improvementsyou will also appreciate the practical upgrades of a newer HVAC systemboth furnace and central air, Stainless Steel appliances, and new hot water heater in 2024. The 3 levels of wonderful living space offers a living room/kitchen open arrangement on the first level, with a sliding glass door to the back deck and very pleasant backyard, perfect for waking up with your morning cup of coffee! Conveniently, theres a half bath on this main level. On the second level are two bedrooms and a full bath. The third level will wow you with a large bonus room that could be used as a third bedroom, office, or family room. This beautiful condo is wonderfully located to shopping, restaurants, and downtown Hanover. And, if youre looking for someone else to take care of the outside lawn work and maintenance, consider it done! This is your perfect opportunity to step up to home ownership and make this one yours! Schedule your showing today!

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