215 N Stephen Pl, Hanover, PA, 17331 | $302/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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215 N Stephen Pl, Hanover, PA, 17331 | $302/mo Cash Flow | Ziffy

Pending

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 215 N Stephen Pl, Hanover, PA, 17331 generates $2,267/mo in rent and, after a $1,468/mo payment, leaves $302/mo in cash flow. Total monthly income is $2,267/mo, and annual cash flow is $3,620/yr on $99,417 invested. Return on cash invested sits at 23.55% in year one, and rental yield is 9.07% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 122.83% and total cumulative return in cash sums $122,116. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,267/mo property income rather than buyer’s personal income.

Single Family

Built in 1952

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this charming all-brick Cape Cod featuring 4 bedrooms, 1 bathroom, and a finished basement. With timeless character and modern updates, this home is truly move-in ready. Beautifully maintained. Step inside to find a bright and inviting living room with a cozy fireplace, refinished hardwood floors and a large picture window that fills the space with natural light. Arched doorways add to the charm, while hardwood floors flow throughout the main and upper levels. The updated kitchen is a true standout, offering warm-toned cabinetry, matte marble countertops, beadboard backsplash, a stainless farmhouse sink, stainless steel appliances, wood accent wall, and custom banquet seating with built-in benches with storage. The chevron-patterned luxury vinyl plank flooring completes the stylish design. Two bedrooms are conveniently located on each level, providing flexible living arrangements. The finished basement adds additional living space, perfect for a home office, gym, recreation or movie nights. Outside, enjoy the back deck with privacy, privacy fence between neighbor, workshop with electric offers endless possibilities for hobbies or storage. The spacious front yard completes the picture. Located on a quiet street within walking distance to the hospital, this home is also just minutes from shopping, dining, schools, and all the amenities you need. This is home!

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