615 Frederick St, Hanover, PA, 17331 | $199/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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615 Frederick St, Hanover, PA, 17331 | $199/mo Cash Flow | Ziffy

For Sale

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 615 Frederick St, Hanover, PA, 17331 priced at $259,900 converts $1,902/mo rent into $199/mo cash flow after a $1,272/mo obligation. Total monthly income equals $1,902/mo, and annual cash flow totals $2,388/yr on $86,157 invested. Return on cash invested prints 22.68% in year one, and rental yield reads 8.78% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 118.18% and total cumulative return in cash sums $101,818. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,902/mo property income covering a $1,272/mo payment, not borrower’s personal income.

Single Family

Built in 1925

10,733 sqft lot

$N/A/sqft

No HOA

More details about the property

BUY WITH CONFIDENCE AS THE OWNERS TOOK THE TIME TO DO IT RIGHT WITH QUALITY PRODUCTS ****THIS IS NOT A FLIP, JUST DONE RIGHT FROM THE OWNERS OVER THE LAST SEVERAL YEARS, QUALITY DONE, NEW ROOF, NEWER KITCHEN, NEW FLOORS, FIRST FLOOR LAUNDRY AND FIRST FLOOR FULL BATH, CEILING FANS IN EVERY ROOM, ALL APPLIANCES CONVEY, BASEMENT HAS WATER PROOFING DONE AND IS COMPLETELY DRY, NICE LEVEL LOT WITH A 12X16 DECK, NEW PARKING PAD WITH NEW SIDEWALKS POURED, NEW QUALITY SCREEN DOORS, GUTTER GUARDS NEWLY INSTALLED, ELECTRIC UPGRADED TO 200 AMP SERVICE WITH NEW BOX, NEW KITCHEN FAUCET JUST INSTALLED *****LARGE SPACIOUS ROOMS FROM THE FIRST FLOOR TO THE SECOND, THE MAIN BEDROOM HAS A SMALL CLOSED IN BALCONY TO RIDE A STATIONARY BIKE OR A TREADMILL AS YOU OVER LOOK THE BACK YARD AND DECK *****WALK UP ATTIC WITH PLENTY OF STORAGE ROOM *****NEW 6 PANEL DOORS ON INSIDE AND NEW EXTERIOR DOORS, FRESHLY PAINTED, TURN KEY HOME AND READY FOR YOU

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