328 W Elm Ave, Hanover, PA, 17331 | 6.7% Rental Yield

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328 W Elm Ave, Hanover, PA, 17331 | 6.7% Rental Yield | Ziffy

For Sale

Listed for sale 5 days ago

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 328 W Elm Ave, Hanover, PA, 17331 at $299,900 posts ROI 16.4% with from $1,675/mo rent. Total monthly income equals $1,675/mo. Return on cash invested measures 16.4% and rental yield reads 6.7% at the current $299,900. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 by year five. Five-year ROI prints 84.53% and total cumulative return in cash totals $84,040. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,675/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1956

5,576 sqft lot

$N/A/sqft

No HOA

More details about the property

This is the one you have been waiting for... main floor bed and bath, second level primary suite and tastefully remodeled throughout! The first floor features a brand new kitchen, living room, formal dining room, bedroom and full bath. The entire upper level is a brand new primary on suite with seating area, walk in closet, walk in shower and chair lift for easy access. The lower level presents options for additional finished living area. There is already a full second kitchen, living area, half bath, laundry, and heat in place. There are great outdoor living options as well with the 18x18 covered deck, over-sized, detached 2 car garage with built in work bench and classic front porch. This home truly blends the charm of an holder home with modern amenities of today plus gives multiple options for families needing one floor living/ with mobility issues and well as potential separate living. The new owners could opt to convert the formal dining room back to an additional bedroom if they desire.

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