6701 Atlantic Ave #311Wildwood 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
Investment property for sale in Wildwood Crest at 6701 Atlantic Ave #311, Wildwood Crest, NJ, 08260 uses $80,886 cash to close to unlock $7,021/yr annual cash flow and $585/mo monthly cash flow. Total monthly income runs $2,324/mo, and a $1,194/mo payment keeps the spread at $585/mo. Purchase price stands at $244,000, and rental yield measures 11.43% with $2,324/mo rent. Return on cash invested shows 28.59% in year one, and 5% annual appreciation builds toward $67,413 over five years. Five-year ROI reaches 150.68% and total cumulative return in cash records $121,882. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,324/mo property income covering a $1,194/mo payment rather than investor’s personal income.
Condo
Built in 1963
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
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Listed by: Margaret 'Peg' O'Donnell • LONG & FOSTER REAL ESTATE, INC av
Mls Name: CMCAOR
Mls ID: #253156