228 W Magnolia Ave #BWildwoodNJ08260
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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
Rental property for sale in Wildwood at 228 W Magnolia Ave #B, Wildwood, NJ, 08260 offers $2,808/mo rent that, after a $2,520/mo payment. Total monthly income is $2,808/mo. Return on cash invested measures 13.95% in year one, and rental yield stands at 6.54% at a $514,900 entry. Equity gained on principal adds $3,323/yr while 5% annual appreciation compounds into $142,257 by year five. Five-year ROI records 72.14% and total cumulative return in cash reaches $122,202. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,808/mo property income versus a $2,520/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1930
N/A 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: Colleen Rennie • DANIELS REALTY DIAMOND BEACH
Mls Name: CMCAOR
Mls ID: #260032