802 Cape AveCape May PointNJ08212
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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 Point at 802 Cape Ave, Cape May Point, NJ, 08212 earns from $3,030/mo rent with a $2,777/mo payment. Total monthly income totals $3,030/mo. ROI tracks 13.54% on current figures, and rental yield reads 6.41% at a $567,400 purchase. Equity gained on principal adds $3,661/yr, and 5% annual appreciation supports $156,762 over five years. Five-year ROI reaches 69.9% and total cumulative return in cash sums $130,477. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,030/mo property income instead of your personal income.
Single Family
Built in 1951
9,550 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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Listed by: N/A • N/A
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