








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 28 Pheasant Ridge Rd, Hanover, PA, 17331 priced at $359,900 pairs $2,855/mo rent with $496/mo cash flow after a $1,762/mo payment. Total monthly income equals $2,855/mo, and annual cash flow comes to $5,954/yr on $119,307 invested. Return on cash invested is 24.9% in year one, and rental yield stands at 9.52% on a $359,900 basis. Equity gained on principal adds $2,322/yr, and 5% annual appreciation accumulates to $99,434 by year five. Five-year ROI measures 130.1% and total cumulative return in cash reaches $155,222. For financing, Ziffy Mortgage’s DSCR program evaluates $2,855/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1987
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 17331, Hanover, PA area.
| 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 |
Residential
23,654
Single Family
23,023
Multi-Family
631
Businesses
1,587
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: Danielle Bussard • Cummings & Co. Realtors
Mls Name: Bright MLS
Mls ID: #PAYK2094262