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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Hanover at 51 Michael St, Hanover, PA, 17331 with 5% annual appreciation on a $260,000 basis while $2,031/mo rent supports operations. Total monthly income totals $2,031/mo and a $1,273/mo payment preserves $327/mo for cash returns. Annual cash flow comes to $3,922/yr on $86,190 deployed, and return on cash invested reaches 24.46% in year one. Equity gained on principal adds $1,678/yr, and five-year appreciation sums $71,833 alongside rental yield of 9.37%. Five-year ROI measures 127.73% and total cumulative return in cash totals $110,093.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,031/mo property income versus a $1,273/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
0.46 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: Bill Mundorff • Berkshire Hathaway HomeServices Homesale Realty
Mls Name: Bright MLS
Mls ID: #PAAD2020504
