610 Spring Ave, Hanover, PA, 17331 | $603/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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610 Spring Ave, Hanover, PA, 17331 | $603/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Hanover at 610 Spring Ave, Hanover, PA, 17331 offers $1,946/mo rent that, after a $1,003/mo payment, leaves $603/mo cash flow. Total monthly income is $1,946/mo, and annual cash flow is $7,236/yr on $67,958 cash. Return on cash invested measures 30.56% in year one, and rental yield stands at 11.39% at a $205,000 entry. Equity gained on principal adds $1,323/yr while 5% annual appreciation compounds into $56,638 by year five. Five-year ROI records 160.5% and total cumulative return in cash reaches $109,074. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,946/mo property income versus a $1,003/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1987

4,792 sqft lot

$N/A/sqft

No HOA

More details about the property

Great Opportunity in South Western School District! Super Value on a Semi-Detached Townhome Home on a quiet street and a large fenced yard. Easy commute to Baltimore, D.C, York, or Harrisburg. 3 Bedrooms, and One and a Half Bathrooms. Property offers plenty of space for all of your backyard activities! Buyer pays all transfer costs. Sold As-Is. CASH OFFERS REQUIRE PROOF OF FUNDS dated within the past 30 days in the form of a bank statement. FINANCED OFFERS REQUIRE PRE-APPROVAL FROM LENDER that includes complete lender contact information. EMD must be a cashiers check. BUYER(s) TO VERIFY GROSS LIVING AREA OF DWELLING AND LOT SIZE. INFORMATION IN LISTING TAKEN FROM PUBLIC RECORD. All offers require third party approval. Equal Housing Opportunity.

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