306 3rd StCape 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
Investment property for sale in Cape May Court House at 306 3rd St, Cape May Court House, NJ, 08210 offers a 8.23% rental yield on a $375,000 purchase with $2,572/mo rent. 94% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 98.88% and total cumulative return in cash at $122,919. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,572/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
2,178 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: Michele Kelly • S. KELLY REAL ESTATE LLC
Mls Name: CMCAOR
Mls ID: #253274