71 Pheasant Ridge Rd, Hanover, PA, 17331 | 7.11% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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71 Pheasant Ridge Rd, Hanover, PA, 17331 | 7.11% Rental Yield | 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 71 Pheasant Ridge Rd, Hanover, PA, 17331 offers $1,867/mo rent that, after a $1,542/mo payment. Total monthly income is $1,867/mo. Return on cash invested measures 17.64% in year one, and rental yield stands at 7.11% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 91.16% and total cumulative return in cash reaches $95,189. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,867/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1987

0.63 Acres lot

$N/A/sqft

No HOA

More details about the property

NEW TO THE MARKET!!! Welcome to 71 Pheasant Ridge Rd, discover your ideal home in this charming split-level property built in 1987. Spanning 1,146 sqft, this residence features three bedrooms and a full bath, offering ample space for comfort and versatility. The home is equipped with central air conditioning and heating, ensuring year-round comfort. This property highlights a practical kitchen space complete with essential appliances including a dishwasher, refrigerator, and stove, ready to meet your everyday culinary needs. Positioned on a generous 0.63-acre lot, it provides plenty of outdoor space for leisure and recreation, while the attached two-car garage offers convenience and extra storage. Located within the reputable Southwestern school district, this home is perfectly situated close to the scenic Codorus State Park and lake Marburg, with downtown Hanover only a quick ten-minute drive away. Easy access to Route 94 ensures smooth commutes to nearby communities such as Manchester, Gettysburg, New Oxford, and Shrewsbury. Embrace a lifestyle filled with both natural beauty and convenient urban access.

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