8 S Penn StHanoverPA17331
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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
Investment property for sale in Hanover at 8 S Penn St, Hanover, PA, 17331 uses $76,212 cash to close to unlock $2,601/yr annual cash flow and $217/mo monthly cash flow. Total monthly income runs $1,723/mo, and a $1,125/mo payment keeps the spread at $217/mo. Purchase price stands at $229,900, and rental yield measures 8.99% with $1,723/mo rent. Return on cash invested shows 23.32% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 121.62% and total cumulative return in cash records $92,687. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,723/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 1924
2,222 sqft 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: Neil Reichart • Keller Williams Keystone Realty
Mls Name: Bright MLS
Mls ID: #PAYK2088292