213 Locust St, Hanover, PA, 17331 | $184/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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213 Locust St, Hanover, PA, 17331 | $184/mo Cash Flow | Ziffy

For Sale

Currently Rented

Rental Income

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 213 Locust St, Hanover, PA, 17331 offers $1,331/mo rent that, after a $857/mo payment, leaves $184/mo cash flow. Total monthly income is $1,331/mo, and annual cash flow is $2,205/yr on $58,013 cash. Return on cash invested measures 23.71% in year one, and rental yield stands at 9.13% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 123.73% and total cumulative return in cash reaches $71,779. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,331/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Multi Family

Built in 1898

4,500 sqft lot

$N/A/sqft

No HOA

More details about the property

Excellent Investment Opportunity Fully Leased Duplex with Bonus Income! Discover this well-maintained duplex in the heart of Hanover, PA, offering two spacious one-bedroom units and valuable additional income from a detached garage. Located within easy walking distance to downtown Hanovers shops, dining, and amenities, this property is perfectly situated for long-term rental demand. Both units are fully leased, providing immediate cash flow for investors. Each apartment features comfortable living spaces, functional layouts, and reliable tenants who enjoy the convenience of in-town living. A standout feature is the detached garage, currently rented and generating extra monthly incomeboosting your overall return. Whether you're expanding your portfolio or entering the investment market, this duplex delivers dependable performance and an unbeatable location.

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