126 Sheridan DrCape MayNJ08204
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Cape May at 126 Sheridan Dr, Cape May, NJ, 08204 priced at $612,400 converts $3,484/mo rent into after a $2,997/mo obligation. Total monthly income equals $3,484/mo. Return on cash invested prints 14.81% in year one, and rental yield reads 6.83% against a $612,400 entry. Equity gained on principal adds $3,952/yr, while 5% annual appreciation compiles into $169,195 by year five. Five-year ROI reaches 76.74% and total cumulative return in cash sums $154,625. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,484/mo property income covering a $2,997/mo payment, not borrower’s personal income.
Single Family
Built in 1982
8,698 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A