284 Route 47 SCape 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 284 Route 47 S, Cape May Court House, NJ, 08210 generates $2,585/mo in rent, after a $2,496/mo payment. Total monthly income is $2,585/mo. Return on cash invested sits at 12.55% in year one, and rental yield is 6.08% on a $510,000 entry. Equity gained on principal adds $3,291/yr, while 5% annual appreciation builds toward $140,904 over five years. Five-year ROI reaches 64.58% and total cumulative return in cash sums $108,351. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,585/mo property income rather than buyer’s personal income.
Multi Family
Built in 1928
0.43 Acres 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: Charlotte Konopka • Coldwell Banker James C Otton Real Estate - CMCH
Mls Name: CMCAOR
Mls ID: #252358