9 Goshen RdCape May Court HouseNJ08210
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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
Rental property for sale in Cape May Court House at 9 Goshen Rd, Cape May Court House, NJ, 08210 priced at $450,000 converts $3,215/mo rent into $7/mo cash flow after a $2,203/mo obligation. Total monthly income equals $3,215/mo, and annual cash flow totals $84/yr on $149,175 invested. Return on cash invested prints 19.97% in year one, and rental yield reads 8.57% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 104.37% and total cumulative return in cash sums $155,694. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,215/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1960
7,575 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08210, Cape May Court House, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,586 (100%) |
| Owner Occupied HU | 6,043 (70.4%) |
| Renter Occupied HU | 1,157 (13.5%) |
| Vacant Housing Units | 1,386 (16.1%) |
| Median Home Value | $477,600 |
| Average Home Value | $580,927 |
Housing Distribution
Address Breakdown
Residential
7,675
Single Family
7,661
Multi-Family
14
Businesses
682
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Listed by: Carly Rallo • deSatnick Real Estate LLC - Lower Township
Mls Name: CMCAOR
Mls ID: #252354