693 Town Bank RdCape 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
Investment property for sale in Cape May at 693 Town Bank Rd, Cape May, NJ, 08204 with 5% annual appreciation on a $608,000 basis while $2,462/mo rent supports operations. 83% in year one. Equity gained on principal adds $3,923/yr, and five-year appreciation sums $167,979 alongside rental yield of 4.86%. Five-year ROI measures 44.66% and total cumulative return in cash totals $89,331. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,462/mo property income versus a $2,976/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1875
0.76 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
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Listed by: TERI BASSETT • CENTURY 21 ALLIANCE-S104B
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #595848
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.