440 Ripple Dr #52HanoverPA17331
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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 440 Ripple Dr #52, Hanover, PA, 17331 earns $877/mo cash flow from $3,360/mo rent with a $1,855/mo payment. Total monthly income totals $3,360/mo, and annual cash flow totals $10,520/yr on $125,605 capital. ROI tracks 28.28% on current figures, and rental yield reads 10.64% at a $378,900 purchase. Equity gained on principal adds $2,445/yr, and 5% annual appreciation supports $104,683 over five years. Five-year ROI reaches 148.24% and total cumulative return in cash sums $186,195. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,360/mo property income instead of your personal income.
Single Family
Built in N/A
0.35 Acres 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: Austin Waechter • Joseph A Myers Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #PAYK2090552