743 Meadow View LnCape MayNJ08204
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
Rental property for sale in Cape May at 743 Meadow View Ln, Cape May, NJ, 08204 offers $1,576/mo rent that, after a $709/mo payment, leaves $543/mo cash flow. Total monthly income is $1,576/mo, and annual cash flow is $6,521/yr on $48,034 cash. Return on cash invested measures 33.48% in year one, and rental yield stands at 13.05% at a $144,900 entry. Equity gained on principal adds $935/yr while 5% annual appreciation compounds into $40,033 by year five. Five-year ROI records 176.9% and total cumulative return in cash reaches $84,973. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,576/mo property income versus a $709/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2007
N/A 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: Michael Chuppe • Weichert Realtors-Haddonfield
Mls Name: Bright MLS
Mls ID: #NJCM2006304