222 Broadway, Cape May, NJ, 08204 | Equity Gain $10,486/yr

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Cape May at 222 Broadway, Cape May, NJ, 08204 priced at $1,625,000 converts $2,220/mo rent into after a $7,954/mo obligation. Total monthly income equals $2,220/mo. Return on cash invested prints -0.97% in year one, and rental yield reads 1.64% against a $1,625,000 entry. Equity gained on principal adds $10,486/yr, while 5% annual appreciation compiles into $448,958 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,220/mo property income covering a $7,954/mo payment, not borrower’s personal income.

Single Family

Built in 1905

6,750 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