202 Ocean Ave #5Cape May PointNJ08212
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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 Point at 202 Ocean Ave #5, Cape May Point, NJ, 08212 listed at $750,000 pairs $4,800/mo rent with a $3,671/mo payment. Total monthly income runs $4,800/mo. Return on cash invested measures 17.4% in year one, and rental yield registers 7.68% at a $750,000 basis. Equity gained on principal adds $4,840/yr, and annual property appreciation at 5% supports $207,211 by year five. Five-year ROI tracks 90.61% and total cumulative return in cash totals $223,590. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,800/mo property income relative to a $3,671/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08212, Cape May Point, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 627 (100%) |
| Owner Occupied HU | 146 (23.3%) |
| Renter Occupied HU | 5 ( 0.8%) |
| Vacant Housing Units | 476 (75.9%) |
| Median Home Value | $920,455 |
| Average Home Value | $966,438 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
21
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Listed by: Barry Bruno • LONG & FOSTER REAL ESTATE, INC cm
Mls Name: CMCAOR
Mls ID: #252819