55 Reeds Beach Rd LOT 11Cape 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 55 Reeds Beach Rd LOT 11, Cape May Court House, NJ, 08210 uses $46,079 cash to close to unlock $1,459/yr annual cash flow and $122/mo monthly cash flow. Total monthly income runs $1,112/mo, and a $680/mo payment keeps the spread at $122/mo. Purchase price stands at $139,000, and rental yield measures 9.6% with $1,112/mo rent. Return on cash invested shows 23.07% in year one, and 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 121.09% and total cumulative return in cash records $55,796. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,112/mo property income covering a $680/mo payment rather than investor’s personal income.
Manufactured
Built in N/A
5,000 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel (Jr) Bowersock • FERGUSON-DECHERT, INC
Mls Name: CMCAOR
Mls ID: #252588