219 Glencreek RdCape MayNJ08204
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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 at 219 Glencreek Rd, Cape May, NJ, 08204 with 5% annual appreciation on a $585,600 basis while $2,504/mo rent supports operations. 66% in year one. Equity gained on principal adds $3,779/yr, and five-year appreciation sums $161,790 alongside rental yield of 5.13%. Five-year ROI measures 49.1% and total cumulative return in cash totals $94,599. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,504/mo property income versus a $2,866/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1987
5,201 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
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Listed by: N/A • N/A
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