42 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 42 Springers Mill Rd, Cape May Court House, NJ, 08210 earns $318/mo cash flow from $3,241/mo rent with a $2,007/mo payment. Total monthly income totals $3,241/mo, and annual cash flow totals $3,820/yr on $135,915 capital. ROI tracks 22.72% on current figures, and rental yield reads 9.49% at a $410,000 purchase. Equity gained on principal adds $2,646/yr, and 5% annual appreciation supports $113,275 over five years. Five-year ROI reaches 119.16% and total cumulative return in cash sums $161,951. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,241/mo property income instead of your personal income.
Single Family
Built in 1992
1.03 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: Cara Rousseau • deSatnick Real Estate LLC - North Wildwood
Mls Name: CMCAOR
Mls ID: #252916