219 N 3rd StHanoverPA17331
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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
Investment Highlights
Investment property for sale in Hanover at 219 N 3rd St, Hanover, PA, 17331 listed at $224,900 pairs $3,360/mo rent with a $1,101/mo payment to leave $1,886/mo cash flow. Total monthly income runs $3,360/mo, and annual cash flow reaches $22,632/yr on $74,554 cash to close. Return on cash invested measures 50.27% in year one, and rental yield registers 17.93% at a $224,900 basis. Equity gained on principal adds $1,451/yr, and annual property appreciation at 5% supports $62,136 by year five. Five-year ROI tracks 266.18% and total cumulative return in cash totals $198,445. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,360/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
6,708 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
23,654
Single Family
23,023
Multi-Family
631
Businesses
1,587
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Listed by: Sue Pindle • RE/MAX Quality Service, Inc.
Mls Name: Bright MLS
Mls ID: #PAYK2094114