1132 Illinois Ave, Cape May, NJ, 08204 | 3.32% Rental Yield

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 Cape May at 1132 Illinois Ave, Cape May, NJ, 08204 generates $2,657/mo in rent, after a $4,699/mo payment. Total monthly income is $2,657/mo. Return on cash invested sits at 4.16% in year one, and rental yield is 3.32% on a $960,000 entry. Equity gained on principal adds $6,195/yr, while 5% annual appreciation builds toward $265,230 over five years. Five-year ROI reaches 19.57% and total cumulative return in cash sums $61,797. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,657/mo property income rather than buyer’s personal income.

Multi Family

Built in 1975

5,000 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