1242 Route 109Cape 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 1242 Route 109, Cape May, NJ, 08204 listed at $1,890,000 pairs $3,044/mo rent with a $9,251/mo payment. Total monthly income runs $3,044/mo. Return on cash invested measures -0.07% in year one, and rental yield registers 1.93% at a $1,890,000 basis. Equity gained on principal adds $12,196/yr, and annual property appreciation at 5% supports $522,172 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,044/mo property income relative to a $9,251/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
2,208 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: Stephanie L Wiscott • HOMESTEAD REAL ESTATE CO. INC.
Mls Name: CMCAOR
Mls ID: #252516