Cape Cod home in 415 Portsmouth Rd Cape May, NJ
This Cape Cod home in Cape May, NJ offers 3 bedrooms and 2.5 bathrooms. The Cape Cod styling carries through the home's design.
| Price | $1,099,000 |
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| Beds | 3 |
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| Baths | 2.5 |
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| Architectural style | Cape Cod (53% match) |
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| Address | 415 Portsmouth Rd Cape May, NJ 08204 |
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Why buy this home
- Confirmed Cape Cod architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Movoto.
Is this a good buy?
Priced a little under the area.
- At $1.1M, this home is 6% below the $1.2M median for 72 similar Cape Cod homes in Cape May, NJ.
- New to market (3 days), so expect competition.
No square footage is listed, so the per-square-foot comparison is not available. Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $8,470/month with 20% down at a 7.28% 30-year fixed rate. You would need about $363,001 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $6,016/mo |
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| Property tax (new-buyer reassessed rate) | $2,042/mo |
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| Homeowners insurance | $412/mo |
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| Total monthly | $8,470/mo |
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| Down payment (20%) | $219,800 |
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| Income needed | $363,001/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C (60 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C (60/100) |
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| Beats renting in | 8% of modeled paths |
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| Modeled 5-yr equity (median) | $515,287 |
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| Range (10th to 90th pct) | $303,076 to $767,750 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward US where local data is thin.
Local home values
Typical home values in United States have risen about 20% over the past 5 years (+1% in the last year), per the Zillow Home Value Index. This reflects the national market, not this specific home.
View this home on Movoto