16 Virginia AveCape May Court HouseNJ08210
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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 Court House at 16 Virginia Ave, Cape May Court House, NJ, 08210 uses $132,600 cash to close to unlock $2,048/yr annual cash flow and $171/mo monthly cash flow. Total monthly income runs $3,022/mo, and a $1,958/mo payment keeps the spread at $171/mo. Purchase price stands at $399,999, and rental yield measures 9.07% with $3,022/mo rent. Return on cash invested shows 21.45% in year one, and 5% annual appreciation builds toward $110,512 over five years. Five-year ROI reaches 112.36% and total cumulative return in cash records $148,995. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,022/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 1967
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08210, Cape May Court House, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,586 (100%) |
| Owner Occupied HU | 6,043 (70.4%) |
| Renter Occupied HU | 1,157 (13.5%) |
| Vacant Housing Units | 1,386 (16.1%) |
| Median Home Value | $477,600 |
| Average Home Value | $580,927 |
Housing Distribution
Address Breakdown
Residential
7,675
Single Family
7,661
Multi-Family
14
Businesses
682
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Listed by: Joseph Polidoro • SOCIETY
Mls Name: CMCAOR
Mls ID: #253226