220 E Leaming Ave #1WildwoodNJ08260
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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 220 E Leaming Ave #1, Wildwood, NJ, 08260 offers a 7.78% rental yield on a $304,600 purchase with $1,975/mo rent. 61% in year one. Equity gained on principal adds $1,966/yr while 5% annual appreciation supports $84,155 over five years. Portfolio math shows five-year ROI at 76.72% and total cumulative return in cash at $77,464. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,975/mo property income against a $1,491/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1948
3,998 sqft lot
$N/A/sqft
$250 monthly 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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