424 Portsmouth RdCape MayNJ08204
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 at 424 Portsmouth Rd, Cape May, NJ, 08204 listed at $899,999 pairs $3,315/mo rent with a $4,405/mo payment. Total monthly income runs $3,315/mo. Return on cash invested measures 7.5% in year one, and rental yield registers 4.42% at a $899,999 basis. Equity gained on principal adds $5,808/yr, and annual property appreciation at 5% supports $248,653 by year five. Five-year ROI tracks 37.48% and total cumulative return in cash totals $110,975. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,315/mo property income relative to a $4,405/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1986
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08204, Cape May, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,314 (100%) |
| Owner Occupied HU | 5,777 (43.4%) |
| Renter Occupied HU | 1,718 (12.9%) |
| Vacant Housing Units | 5,819 (43.7%) |
| Median Home Value | $575,781 |
| Average Home Value | $665,846 |
Housing Distribution
Address Breakdown
Residential
9,319
Single Family
8,761
Multi-Family
558
Businesses
779
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kenneth "Ken" Germann • deSatnick Real Estate LLC - Lower Township
Mls Name: CMCAOR
Mls ID: #252209