506 BroadwayCape MayNJ08204
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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 at 506 Broadway, Cape May, NJ, 08204 priced at $1,384,000 pairs $3,758/mo rent with after a $6,774/mo payment. Total monthly income equals $3,758/mo. Return on cash invested is 4.03% in year one, and rental yield stands at 3.26% on a $1,384,000 basis. Equity gained on principal adds $8,931/yr, and 5% annual appreciation accumulates to $382,374 by year five. Five-year ROI measures 18.85% and total cumulative return in cash reaches $84,516. For financing, Ziffy Mortgage’s DSCR program evaluates $3,758/mo property income against a $6,774/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
6,634 sqft 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
No similar rental properties found nearby.
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Listed by: Todd DeSatnick • deSatnick Real Estate LLC - Cape May
Mls Name: CMCAOR
Mls ID: #251383