273 Locust St, Hanover, PA, 17331 | $403/mo Cash Flow

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273 Locust St, Hanover, PA, 17331 | $403/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

Investment property for sale in Hanover at 273 Locust St, Hanover, PA, 17331 uses $69,582 cash to close to unlock $4,835/yr annual cash flow and $403/mo monthly cash flow. Total monthly income runs $1,778/mo, and a $1,027/mo payment keeps the spread at $403/mo. Purchase price stands at $209,900, and rental yield measures 10.16% with $1,778/mo rent. Return on cash invested shows 26.86% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 140.57% and total cumulative return in cash records $97,808. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,778/mo property income covering a $1,027/mo payment rather than investor’s personal income.

Single Family

Built in 1950

1,951 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming and well-cared-for Colonial home, perfectly positioned for easy access to a variety of shops and restaurants. This delightful residence boasts three bedrooms, a newly remodeled full bathroom, a country-style kitchen radiating warmth and character, a dedicated dining room for formal meals, and a generously sized living room for comfortable living. Expand your living space with the partially finished basement, offering potential for a home office, recreation room, or storage. The private back patio is the perfect spot for outdoor entertaining and relaxation. This is more than just a house; it's a place to call 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