409 W Oak Ave #AWildwoodNJ08260
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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 409 W Oak Ave #A, Wildwood, NJ, 08260 priced at $729,900 converts $2,280/mo rent into after a $3,573/mo obligation. Total monthly income equals $2,280/mo. Return on cash invested prints 5.46% in year one, and rental yield reads 3.75% against a $729,900 entry. Equity gained on principal adds $4,710/yr, while 5% annual appreciation compiles into $201,658 by year five. Five-year ROI reaches 26.55% and total cumulative return in cash sums $63,751. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,280/mo property income covering a $3,573/mo payment, not borrower’s personal income.
Townhouse
Built in N/A
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: ZACHERY FEINSTEIN • Compass New Jersey-Ocean City (O463E)
Mls Name: SJSRMLS
Mls ID: #604109