608 Spring AveHanoverPA17331
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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
Rental property for sale in Hanover at 608 Spring Ave, Hanover, PA, 17331 generates $1,607/mo in rent and, after a $954/mo payment, leaves $330/mo in cash flow. Total monthly income is $1,607/mo, and annual cash flow is $3,955/yr on $64,643 invested. Return on cash invested sits at 26.03% in year one, and rental yield is 9.89% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 136.14% and total cumulative return in cash sums $88,006. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,607/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
2.01 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: Alex Vincent • Next Step Realty
Mls Name: Bright MLS
Mls ID: #PAYK2091808