500 S Franklin StHanoverPA17331
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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 500 S Franklin St, Hanover, PA, 17331 earns $94/mo cash flow from $1,503/mo rent with a $1,052/mo payment. Total monthly income totals $1,503/mo, and annual cash flow totals $1,134/yr on $71,273 capital. ROI tracks 21.5% on current figures, and rental yield reads 8.39% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 111.88% and total cumulative return in cash sums $79,741. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,503/mo property income instead of your personal income.
Single Family
Built in 1920
5,458 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
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Listed by: Lucy Peterman • Iron Valley Real Estate Hanover
Mls Name: Bright MLS
Mls ID: #PAYK2094110