1815 Iris Ln, Hanover, MD, 21076 | $423/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1815 Iris Ln, Hanover, MD, 21076 | $423/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 1815 Iris Ln, Hanover, MD, 21076 offers a 8.36% rental yield on a $564,900 purchase with $3,936/mo rent. Total monthly income registers $3,936/mo, and a $2,765/mo payment leaves $423/mo available for distribution. Annual cash flow reaches $5,070/yr on $185,852 to close, and return on cash invested stands at 22.79% in year one. Equity gained on principal adds $3,645/yr while 5% annual appreciation supports $156,071 over five years. Portfolio math shows five-year ROI at 118.3% and total cumulative return in cash at $219,860. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,936/mo property income against a $2,765/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Townhouse

Built in 2021

1,400 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover the perfect blend of comfort, style, and convenience in this modern 4-bedroom, 3.5-bath home built in 2021. Featuring an open-concept layout and a beautifully designed kitchen with stainless steel appliances, granite countertops, and a spacious island, this home is ideal for both everyday living and entertaining. The primary suite offers a private retreat with a large walk-in closet and a spa-like en-suite bathroom, complete with dual sinks and a spacious stand-up shower. A second owners suite on the main floor provides flexible space for guests, or a home office. Home includes a 2-car garage with ample driveway parking. With contemporary finishes, modern amenities, and all the comforts of new construction, this home is move-in ready and waiting for you.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21076, Hanover, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,788 (100%)
Owner Occupied HU	6,672 (61.8%)
Renter Occupied HU	3,466 (32.1%)
Vacant Housing Units	650 ( 6.0%)
Median Home Value	$519,950
Average Home Value	$540,082