359 Kings HwyCape 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 359 Kings Hwy, Cape May Court House, NJ, 08210 generates $3,482/mo in rent and, after a $2,080/mo payment, leaves $453/mo in cash flow. Total monthly income is $3,482/mo, and annual cash flow is $5,434/yr on $140,888 invested. Return on cash invested sits at 23.77% in year one, and rental yield is 9.83% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 124.76% and total cumulative return in cash sums $175,769. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,482/mo property income rather than buyer’s personal income.
Single Family
Built in 2015
1.29 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: Margaret Shelton • GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Mls Name: CMCAOR
Mls ID: #252283