506 E 12th Ave APT 2North WildwoodNJ08260
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 506 E 12th Ave APT 2, North Wildwood, NJ, 08260 earns $1,081/mo cash flow from $3,931/mo rent with a $1,957/mo payment. Total monthly income totals $3,931/mo, and annual cash flow totals $12,971/yr on $132,567 capital. ROI tracks 29.69% on current figures, and rental yield reads 11.8% at a $399,900 purchase. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,485 over five years. Five-year ROI reaches 156.53% and total cumulative return in cash sums $207,512. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,931/mo property income instead of your personal income.
Condo
Built in 1964
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicholas Strom • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #NJCM2005642