310 Front 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
Rental property for sale in Cape May Court House at 310 Front St, Cape May Court House, NJ, 08210 priced at $454,900 converts $2,400/mo rent into after a $2,227/mo obligation. Total monthly income equals $2,400/mo. Return on cash invested prints 13.2% in year one, and rental yield reads 6.33% against a $454,900 entry. Equity gained on principal adds $2,935/yr, while 5% annual appreciation compiles into $125,680 by year five. Five-year ROI reaches 68.13% and total cumulative return in cash sums $102,740. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $2,227/mo payment, not borrower’s personal income.
Single Family
Built in 2000
4,678 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: Gloria Gregg • Coldwell Banker Sol Needles Real Estate
Mls Name: CMCAOR
Mls ID: #252750