306 Sixth Avenue West CpeCape 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
Rental property for sale in Cape May at 306 Sixth Avenue West Cpe, Cape May, NJ, 08204 generates $2,684/mo in rent, after a $8,345/mo payment. Total monthly income is $2,684/mo. Return on cash invested sits at -0.2% in year one, and rental yield is 1.89% on a $1,705,000 entry. Equity gained on principal adds $11,002/yr, while 5% annual appreciation builds toward $471,060 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,684/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
8,016 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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