9 Rossi Drive

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9 Rossi Drive

Erma, NJ 08204
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The land comprises 1.81 acres of residential property.
  • Located at 9 Rossi Drive in Erma, New Jersey.
  • Positioned within the active Cape May County real estate market.
  • Suitable for residential development projects or custom home construction.
  • Coordinates placed at 38.9903 latitude and -74.8892 longitude.

What's Special

Erma serves as a quiet residential gateway within Cape May County, positioned conveniently for access to regional coastal hubs and local transit routes. This 1.81-acre parcel provides a private setting suitable for residential development, benefiting from the area's established community character and steady appeal for those seeking space near the New Jersey shoreline. The surrounding submarket is characterized by a blend of pastoral landscapes and accessible residential infrastructure, making it a functional site for developers or individuals planning a custom home build. Given the land size and existing zoning designation, the property accommodates various residential layouts while maintaining the openness typical of this portion of Cape May County. Its location offers a balance between quiet neighborhood living and proximity to the amenities found in nearby coastal municipalities.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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