213 Park Blvd APT DCape 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
Investment property for sale in Cape May at 213 Park Blvd APT D, Cape May, NJ, 08204 with 5% annual appreciation on a $715,000 basis while $2,566/mo rent supports operations. 15% in year one. Equity gained on principal adds $4,614/yr, and five-year appreciation sums $197,541 alongside rental yield of 4.31%. Five-year ROI measures 35.65% and total cumulative return in cash totals $83,853. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,566/mo property income versus a $3,500/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1985
N/A 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: Melissa Jastremski • deSatnick Real Estate LLC - North Wildwood
Mls Name: CMCAOR
Mls ID: #252451