420 E 2nd Ave #2BWildwoodNJ08260
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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
Total monthly income runs $2,760/mo, and a $5,624/mo payment. Purchase price stands at $1,149,000, and rental yield measures 2.88% with $2,760/mo rent. Return on cash invested shows 1.16% in year one, and 5% annual appreciation builds toward $317,448 over five years. Five-year ROI reaches 4.07% and total cumulative return in cash records $15,151. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,760/mo property income covering a $5,624/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$1,592 quarterly 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: Bryan Steere • BLUE HOMES REAL ESTATE LLC
Mls Name: CMCAOR
Mls Provider:
Mls ID: #250885
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