7504 Ocean Ave UNIT 302WildwoodNJ08260
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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 at 7504 Ocean Ave UNIT 302, Wildwood, NJ, 08260 generates $3,846/mo in rent, after a $3,911/mo payment. Total monthly income is $3,846/mo. Return on cash invested sits at 9.55% in year one, and rental yield is 5.78% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 49.23% and total cumulative return in cash sums $129,402. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,846/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$1,362 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: Michael C. Powers • KELLER WILLIAMS REALTY JERSEY SHORE - AV
Mls Name: CMCAOR
Mls Provider:
Mls ID: #252196
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