1506 Ocean AveNorth WildwoodNJ08260
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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 North Wildwood at 1506 Ocean Ave, North Wildwood, NJ, 08260 listed at $1,495,000 pairs $2,280/mo rent with a $7,317/mo payment. Total monthly income runs $2,280/mo. Return on cash invested measures -0.38% in year one, and rental yield registers 1.83% at a $1,495,000 basis. Equity gained on principal adds $9,647/yr, and annual property appreciation at 5% supports $413,041 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,280/mo property income relative to a $7,317/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1930
2,700 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: Carlo Losco • BALSLEY LOSCO REAL ESTATE
Mls Name: CMCAOR
Mls ID: #252602