204 E Atlantic 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
Rental property for sale in Cape May Court House at 204 E Atlantic Ave, Cape May Court House, NJ, 08210 priced at $189,000 pairs $1,474/mo rent with $127/mo cash flow after a $925/mo payment. Total monthly income equals $1,474/mo, and annual cash flow comes to $1,523/yr on $62,654 invested. Return on cash invested is 22.34% in year one, and rental yield stands at 9.36% on a $189,000 basis. Equity gained on principal adds $1,220/yr, and 5% annual appreciation accumulates to $52,217 by year five. Five-year ROI measures 117.1% and total cumulative return in cash reaches $73,366. For financing, Ziffy Mortgage’s DSCR program evaluates $1,474/mo property income against a $925/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1954
8,000 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: Quanette Vasser • Coldwell Banker James C Otton Real Estate - CMCH
Mls Name: CMCAOR
Mls ID: #260208