119 E Garfield Ave #EWildwoodNJ08260
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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
Investment property for sale in Wildwood at 119 E Garfield Ave #E, Wildwood, NJ, 08260 earns $717/mo cash flow from $2,285/mo rent with a $1,077/mo payment. Total monthly income totals $2,285/mo, and annual cash flow totals $8,600/yr on $72,930 capital. ROI tracks 31.7% on current figures, and rental yield reads 12.46% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 167.32% and total cumulative return in cash sums $122,027. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,285/mo property income instead of your personal income.
Condo
Built in 1920
3,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08260, Wildwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,124 (100%) |
| Owner Occupied HU | 3,826 (15.9%) |
| Renter Occupied HU | 2,433 (10.1%) |
| Vacant Housing Units | 17,865 (74.1%) |
| Median Home Value | $609,991 |
| Average Home Value | $665,370 |
Housing Distribution
Address Breakdown
Residential
7,555
Single Family
6,808
Multi-Family
747
Businesses
1,100
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Listed by: N/A • N/A
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