111 Leaming Avenue West CpeCape MayNJ08204
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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 Cape May at 111 Leaming Avenue West Cpe, Cape May, NJ, 08204 at $1,279,000 posts ROI 7.18% with from $4,562/mo rent. Total monthly income equals $4,562/mo. Return on cash invested measures 7.18% and rental yield reads 4.28% at the current $1,279,000. Equity gained on principal adds $8,253/yr, and 5% annual appreciation supports $353,364 by year five. Five-year ROI prints 35.75% and total cumulative return in cash totals $148,162. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,562/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1870
7,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08204, Cape May, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,314 (100%) |
| Owner Occupied HU | 5,777 (43.4%) |
| Renter Occupied HU | 1,718 (12.9%) |
| Vacant Housing Units | 5,819 (43.7%) |
| Median Home Value | $575,781 |
| Average Home Value | $665,846 |
Housing Distribution
Address Breakdown
Residential
9,319
Single Family
8,761
Multi-Family
558
Businesses
779
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Listed by: Edward Connolly • COASTLINE REALTY, LLC
Mls Name: CMCAOR
Mls Provider:
Mls ID: #251104
Disclaimer: Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.