512 E 2nd Ave UNIT 103North 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 512 E 2nd Ave UNIT 103, North Wildwood, NJ, 08260 earns from $3,189/mo rent with a $4,895/mo payment. Total monthly income totals $3,189/mo. ROI tracks 5.7% on current figures, and rental yield reads 3.83% at a $999,999 purchase. Equity gained on principal adds $6,453/yr, and 5% annual appreciation supports $276,281 over five years. Five-year ROI reaches 27.83% and total cumulative return in cash sums $91,551. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,189/mo property income instead of your personal income.
Condo
Built in 1980
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: Eileen Patterson • COASTAL ELITE REALTY
Mls Name: CMCAOR
Mls ID: #260002