400 BroadwayHanoverPA17331
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThis is a cash-flow-light asset: 400 Broadway, Hanover, PA, 17331 in Hanover, $350,000, 7.89% gross yield, $7/mo net income. Consider it a market-entry position, the $2,300/mo rent covers the $1,574/mo payment with a margin, and 5%/yr appreciation is projected to add $96,699 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.46) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $133,699.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 5.3% |
| Monthly Cash Flow | $7 | $285 |
City averages based on Hanover market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,300 |
| Total Monthly Debt Service | $2,154 |
| DSCR Ratio | 1.07x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
2,500 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1920
2,500 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sharmia Gardner • Keller Williams Keystone Realty
Mls Name: Bright MLS
Mls ID: #PAYK2092054