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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Hanover at 1823 Iris Ln, Hanover, MD, 21076 generates $3,611/mo in rent and, after a $2,691/mo payment, leaves $191/mo in cash flow. Total monthly income is $3,611/mo, and annual cash flow is $2,297/yr on $180,917 invested. Return on cash invested sits at 21.33% in year one, and rental yield is 7.88% on a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation builds toward $151,927 over five years. Five-year ROI reaches 110.48% and total cumulative return in cash sums $199,874. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,611/mo property income rather than buyer’s personal income.
Townhouse
Built in 2021
1,400 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 21076, Hanover, MD area.
| 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 |
Residential
10,958
Single Family
8,300
Multi-Family
2,658
Businesses
1,127
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Photi Mavroulis • RE/MAX Advantage Realty
Mls Name: Bright MLS
Mls ID: #MDAA2133226
