415 E Heather Rd APT 202Wildwood CrestNJ08260
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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 Crest at 415 E Heather Rd APT 202, Wildwood Crest, NJ, 08260 generates $2,760/mo in rent, after a $4,699/mo payment. Total monthly income is $2,760/mo. Return on cash invested sits at 1.16% in year one, and rental yield is 3.45% on a $960,000 entry. Equity gained on principal adds $6,195/yr, while 5% annual appreciation builds toward $265,230 over five years. Five-year ROI reaches 4.72% and total cumulative return in cash sums $14,913. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,760/mo property income rather than buyer’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$892 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: Joseph Ferzoco • KELLER WILLIAMS REALTY JERSEY SHORE wc
Mls Name: CMCAOR
Mls Provider:
Mls ID: #251538
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