38 Route 47 SCape May Court HouseNJ08210
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 38 Route 47 S, Cape May Court House, NJ, 08210 listed at $594,777 pairs $3,824/mo rent with a $2,911/mo payment. Total monthly income runs $3,824/mo. Return on cash invested measures 17.51% in year one, and rental yield registers 7.72% at a $594,777 basis. Equity gained on principal adds $3,838/yr, and annual property appreciation at 5% supports $164,326 by year five. Five-year ROI tracks 91.2% and total cumulative return in cash totals $178,468. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,824/mo property income relative to a $2,911/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
3.09 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: Brian Reed • LONG & FOSTER REAL ESTATE, INC nwnj
Mls Name: Long & Foster Broker Feed
Mls ID: #251783