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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
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$2,974,500
4 bds5 ba2874sqft
605 E Lake DrCape May PointNJ08212
1.32%
Gross Yield
-1.97%
ROI
$3,261/m
Est. Rent
$0
Total Investment
$0
Down Payment
$0
Closing Costs
For Sale
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NMLS #2625701
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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
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Investment Highlights
Investment property for sale in Cape May Point at 605 E Lake Dr, Cape May Point, NJ, 08212 projects strong ROI of -1.97%. Rental yield 1.32%. With 5% annual appreciation, the property builds $821,800 in value over five years. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 2025
9,377 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08212, Cape May Point, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 627 (100%) |
| Owner Occupied HU | 146 (23.3%) |
| Renter Occupied HU | 5 ( 0.8%) |
| Vacant Housing Units | 476 (75.9%) |
| Median Home Value | $920,455 |
| Average Home Value | $966,438 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
21
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NMLS #2625701
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Listed by: Charity R Clark, ABR, GRI • CAPE RESORTS REALTY
Mls Name: CMCAOR
Mls ID: #253516