413 W Spruce 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 413 W Spruce Ave, North Wildwood, NJ, 08260 earns from $2,131/mo rent with a $2,911/mo payment. Total monthly income totals $2,131/mo. ROI tracks 7.13% on current figures, and rental yield reads 4.3% at a $594,777 purchase. Equity gained on principal adds $3,838/yr, and 5% annual appreciation supports $164,326 over five years. Five-year ROI reaches 35.53% and total cumulative return in cash sums $69,532. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,131/mo property income instead of your personal income.
Multi Family
Built in 1990
4,500 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: Brian Reed • LONG & FOSTER REAL ESTATE, INC nwnj
Mls Name: CMCAOR
Mls ID: #251806