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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Cape May at 902 Ocean Dr 201-UNIT 201, Cape May, NJ, 08204 listed at $775,000 pairs $2,843/mo rent with a $3,793/mo payment. Total monthly income runs $2,843/mo. Return on cash invested measures 4.8% in year one, and rental yield registers 4.4% at a $775,000 basis. Equity gained on principal adds $5,001/yr, and annual property appreciation at 5% supports $214,118 by year five. Five-year ROI tracks 23.96% and total cumulative return in cash totals $61,099. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,843/mo property income relative to a $3,793/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
N/A lot
$N/A/sqft
$1,687 quarterly HOA
Neighborhood data shown for ZIP Code: 08204, Cape May, NJ area.
| 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 |
Residential
9,319
Single Family
8,761
Multi-Family
558
Businesses
779
Date | Event | Price |
|---|---|---|
| 2024-09-30 | Listed for sale | $775,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $8853.67 | 6.60% | $441,800 | N/A |
| 2022-10-14 | $8305.84 | 1.51% | $441,800 | N/A |
| 2021-10-14 | $8182.13 | 2.77% | $441,800 | N/A |
Listed by: Kate Weber • JERSEY CAPE REALTY
Mls Name: CMCAOR
Mls Provider:
Mls ID: #242895
Disclaimer: Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.
