208 E Spencer AveWildwoodNJ08260
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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 208 E Spencer Ave, Wildwood, NJ, 08260 with 5% annual appreciation on a $799,000 basis while $4,044/mo rent supports operations. 52% in year one. Equity gained on principal adds $5,156/yr, and five-year appreciation sums $220,749 alongside rental yield of 6.07%. Five-year ROI measures 64.44% and total cumulative return in cash totals $169,398. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,044/mo property income versus a $3,911/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1925
7,960 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: Kathleen Chiolo • LONG & FOSTER REAL ESTATE, INC nww
Mls Name: CMCAOR
Mls ID: #252834