34 Springers Mill RdCape 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 34 Springers Mill Rd, Cape May Court House, NJ, 08210 uses $176,147 cash to close to unlock $3,315/yr annual cash flow and $276/mo monthly cash flow. Total monthly income runs $4,093/mo, and a $2,621/mo payment keeps the spread at $276/mo. Purchase price stands at $535,400, and rental yield measures 9.17% with $4,093/mo rent. Return on cash invested shows 21.94% in year one, and 5% annual appreciation builds toward $147,921 over five years. Five-year ROI reaches 114.97% and total cumulative return in cash records $202,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,093/mo property income covering a $2,621/mo payment rather than investor’s personal income.
Single Family
Built in 1990
0.92 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: N/A • N/A
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