7 Merganser CtCape 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 7 Merganser Ct, Cape May, NJ, 08204 earns from $2,655/mo rent with a $2,814/mo payment. Total monthly income totals $2,655/mo. ROI tracks 10.91% on current figures, and rental yield reads 5.54% at a $574,900 purchase. Equity gained on principal adds $3,710/yr, and 5% annual appreciation supports $158,834 over five years. Five-year ROI reaches 55.79% and total cumulative return in cash sums $105,531. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,655/mo property income instead of your personal income.
Single Family
Built in 2000
7,130 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
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Listed by: Lisa Warech • Keller Williams Realty - Washington Township
Mls Name: Bright MLS
Mls ID: #NJCM2006546