413 W Cedar Ave Unit C · Wildwood, NJ 08260

$599,900

3 bd · 2.0 ba · 1,376 sqft · Townhouse public records · 28 Days on market

Built 2005 Est $608k · at est. $283/mo HOA · 4% of rent

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +25.9/30.0
• DSCR +8.7/10.0
• ARV discount +8.1/15.0
• 1% rule +7.1/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to coastal luxury living at its finest in the heart of Wildwood! This stunning first-floor condominium at The Wildwoods offers the perfect blend of elegance, comfort and seaside charm, all situated on a desirable bay block just steps from breathtaking waterfront sunsets. Part of an intimate 4-unit building within an 8-unit condo association, this meticulously maintained residence has never been rented and has been lovingly cared for as a primary home, truly reflecting pride of ownership throughout. Arrive to find an oversized deck with beautiful bay views, the perfect place to enjoy your morning coffee or unwind while taking in spectacular evening sunsets just down the street along the waterfront. Enter to discover newly installed luxury vinyl plank hardwood flooring and fresh paint throughout, creating a bright, modern and inviting atmosphere. The spacious open-concept main living area is designed for both entertaining and everyday comfort, featuring a large living room with ceiling fan, cozy fireplace and mounted TV with Bose surround sound system included. The living room seamlessly flows into the formal dining area highlighted by an elegant chandelier and continues into the expansive kitchen offering a breakfast bar with pendant lighting, an abundance of cabinetry and counter space, gas range, dishwasher and refrigerator. The rear of the home hosts a spacious primary suite complete with ceiling fan, private fireplace, large closet and direct access to a private deck overlooking the pool. The luxurious primary bathroom features a stall shower and ample space to relax and recharge. The second bedroom also offers a ceiling fan, large closet and private deck overlooking the pool area, while the third bedroom includes a ceiling fan and generous closet space. A beautifully appointed hall bathroom with shower/soaking tub combo and a separate laundry room with washer, dryer and additional storage complete the interior. For added convenience and peace of mind, the camera/security system is also included with the sale. Step outside to enjoy the large private community pool exclusive to the association, creating the perfect retreat after a day at the beach. Additional highlights include an oversized garage capable of fitting 2 cars, secured private storage room and plenty of additional storage space. The low association fee includes the community pool and exterior insurance for added peace of mind. Additional features are new water heater, new 30-year roof and all furniture, dishes, glasses and silverware are included. Located in one of South Jersey’s most beloved shore destinations, The Wildwoods offers an unmatched lifestyle with world-famous beaches, the iconic boardwalk, incredible restaurants, waterfront dining, marinas, nightlife, festivals and endless entertainment. Whether you are seeking a luxurious year-round residence, vacation getaway or investment opportunity, this exceptional condo delivers the very best of shore living.

Key facts

• Private deck
• Oversized deck
• Community pool

Tags

• OVERSIZED DECK
• BAY VIEWS
• PRIVATE DECK
• COMMUNITY POOL
• CAMERA SECURITY SYSTEM
• LUXURY VINYL PLANK FLOORING

Property features AI

Finance

• Other: Pets allowed on a case-by-case basis
• HOA & community: Quarterly condo fee of $850; Condo fee covers exterior building maintenance, insurance, and pool(s); Community amenities include an outdoor pool

Exterior

• Parking: Attached garage with front entry and inside access; Garage door opener; Two attached garage spaces; Driveway with two additional spaces (total of 4 parking spaces)
• Utilities: Public water; Public sewer; Electric cooling fuel; Natural gas for heating and hot water
• Home design: Condominium ownership; Semi-detached structure; Single-level unit (entry floor: 1)
• Construction: Vinyl siding; Concrete perimeter foundation; Built (year source: assessor)
• Exterior features: Community outdoor pool (fenced, heated, filtered, in-ground)

Interior

• Kitchen: Gas range / oven; Self-cleaning oven; Range hood; Stove; Refrigerator; Dishwasher; Disposal
• Bedrooms: Three bedrooms on the main level; Entry-level bedroom
• Flooring: Wood floors
• Bathrooms: Two full bathrooms (including master bath and a walk-in shower)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; Ceiling fans
• Interior features: Open floor plan; Breakfast area; Dining area; Family room off kitchen; Ceiling fans; Master bath; Walk-in shower in bathroom; Stall shower; Tub shower; Window treatments; Wood floors
• Laundry & utility: Washer and dryer included; Laundry on the main floor; Natural gas hot water

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $600k.

Deal economics

• At list price, monthly cash flow is $1k ($18k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($7k rent vs $600k).
• Recommended offer: $591k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.2% vs local median 5.6% in Wildwood — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#176 in NJ, #4,679 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A+; Watch: employment D, schools F, crime F.
• Wildwood City School District (suburban): math 12% / reading 27% proficiency, ranked #442 of 472 in NJ (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 437 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 877 units permitted in Cape May County in 2024 (35 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $18k of value loss. Plan a longer hold.
• Cape May County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($591k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $590,901 (1.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.21% ✓
• Cap rate: 9.24%
• Cash-on-cash: 10.51%
• DSCR: 1.47
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $608,192
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
415 W Cedar Ave Unit F	0.01mi	3/2.0	1,376 (0%)	3mo	$530,000	$385	97
326 W Roberts Ave Unit B	0.33mi	3/2.0	1,413 (+3%)	3mo	$580,000	$410	78
146 Spencer #201	0.31mi	3/2.0	1,444 (+5%)	1mo	$715,000	$495	76
201 E Pine Ave Unit A	0.51mi	3/2.0	1,365 (-1%)	2mo	$580,777	$425	73
510 W Burk Ave Unit B	0.51mi	3/2.0	1,368 (-1%)	3mo	$604,000	$442	73
253 E Baker Ave #204	0.66mi	3/2.0	1,347 (-2%)	3mo	$660,000	$490	63
217 E Spencer Ave Unit 217B	0.55mi	3/2.5	1,470 (+7%)	3mo	$600,000	$408	58
620 W Burk Ave #102	0.59mi	3/2.0	1,480 (+8%)	3mo	$660,000	$446	57
216 E Roberts Ave #7	0.59mi	3/2.0	1,260 (-8%)	3mo	$575,000	$456	56
109 E Taylor Ave Unit E (Front)	0.69mi	3/2.5	1,282 (-7%)	1mo	$540,000	$421	53
220 E Poplar Ave #203	0.62mi	3/2.0	1,544 (+12%)	2mo	$565,000	$366	49
141 E Rio Grande Ave, #201 Ave #201	0.75mi	3/2.0	1,222 (-11%)	2mo	$543,500	$445	45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -0.5%
• Equity multiple: 0.98×
• Total profit: $-3,316
• Equity at exit: $89,447

10-year hold

• IRR: 9.2%
• Equity multiple: 1.71×
• Total profit: $118,487
• Equity at exit: $51,868

Cash invested: $167,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 21 Tenant-Leaning
• State New Jersey: 21 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

Anti-eviction Act requires just-cause statewide; rent control in 100+ municipalities; one of the most tenant-friendly states.

Methodology + full state rankings →

ZIP-level market 08260

• Home prices YoY: -30.7%
• Active inventory: 437
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $7,236 medium
• Mortgage (P&I): −$3,146
• Tax from tax record: −$566 /mo · $6,791/yr
• Insurance: −$250
• HOA: −$283
• Vacancy / Maint / Mgmt: −$1,520
• Net cashflow: $1,472

Break-even live

Break-even rent $5,373

Max offer price $599,900

Occupancy floor 75%

Sensitivity live

Price	-10% $1,811	-5% $1,641	+0% $1,472	+5% $1,302	+10% $1,132
Rent	-10% $900	-5% $1,186	+0% $1,472	+5% $1,757	+10% $2,043
Rate	-1.0pp $1,774	-0.5pp $1,624	base $1,472	+0.5pp $1,316	+1.0pp $1,158

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $149,975
• Closing costs: $17,997
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
154 E Lincoln Ave #104 Wildwood, NJ	3.0	2.5	1500	$4,750	$3.17	44d	1	0.41mi
142 E Youngs Ave Unit 1309014P Wildwood, NJ	3.0	1.5	1194	$5,873	$4.92	44d	1	0.50mi
611 W Burk Ave Unit A Wildwood, NJ	2.0	1.5	1248	$12,000	$9.62	44d	1	0.54mi

HOA detail

• Monthly dues: $283 · $3,396/yr
• Likely covers: watergaspoolsecurity

Listing history 17 events

1. 2026-06-21
   days on market $599,900 Active 28 DOM
2. 2026-06-18
   days on market $599,900 Active 26 DOM
3. 2026-06-17
   days on market $599,900 Active 25 DOM
4. 2026-06-16
   days on market $599,900 Active 24 DOM
5. 2026-06-15
   days on market $599,900 Active 23 DOM
6. 2026-06-13
   days on market $599,900 Active 21 DOM
7. 2026-06-12
   days on market $599,900 Active 20 DOM
8. 2026-06-09
   days on market $599,900 Active 17 DOM
9. 2026-06-08
   days on market $599,900 Active 16 DOM
10. 2026-06-07
    days on market $599,900 Active 15 DOM
11. 2026-06-07
    days on market $599,900 Active 14 DOM
12. 2026-06-04
    days on market $599,900 Active 11 DOM
13. 2026-06-02
    days on market $599,900 Active 10 DOM
14. 2026-06-01
    days on market $599,900 Active 9 DOM
15. 2026-05-31
    days on market $599,900 Active 8 DOM
16. 2026-05-23
    listed $599,900 Active 2995-char remark

    Show marketing remark (2995 chars)

    Welcome to coastal luxury living at its finest in the heart of Wildwood! This stunning first-floor condominium at The Wildwoods offers the perfect blend of elegance, comfort and seaside charm, all situated on a desirable bay block just steps from breathtaking waterfront sunsets. Part of an intimate 4-unit building within an 8-unit condo association, this meticulously maintained residence has never been rented and has been lovingly cared for as a primary home, truly reflecting pride of ownership throughout. Arrive to find an oversized deck with beautiful bay views, the perfect place to enjoy your morning coffee or unwind while taking in spectacular evening sunsets just down the street along the waterfront. Enter to discover newly installed luxury vinyl plank hardwood flooring and fresh paint throughout, creating a bright, modern and inviting atmosphere. The spacious open-concept main living area is designed for both entertaining and everyday comfort, featuring a large living room with ceiling fan, cozy fireplace and mounted TV with Bose surround sound system included. The living room seamlessly flows into the formal dining area highlighted by an elegant chandelier and continues into the expansive kitchen offering a breakfast bar with pendant lighting, an abundance of cabinetry and counter space, gas range, dishwasher and refrigerator. The rear of the home hosts a spacious primary suite complete with ceiling fan, private fireplace, large closet and direct access to a private deck overlooking the pool. The luxurious primary bathroom features a stall shower and ample space to relax and recharge. The second bedroom also offers a ceiling fan, large closet and private deck overlooking the pool area, while the third bedroom includes a ceiling fan and generous closet space. A beautifully appointed hall bathroom with shower/soaking tub combo and a separate laundry room with washer, dryer and additional storage complete the interior. For added convenience and peace of mind, the camera/security system is also included with the sale. Step outside to enjoy the large private community pool exclusive to the association, creating the perfect retreat after a day at the beach. Additional highlights include an oversized garage capable of fitting 2 cars, secured private storage room and plenty of additional storage space. The low association fee includes the community pool and exterior insurance for added peace of mind. Additional features are new water heater, new 30-year roof and all furniture, dishes, glasses and silverware are included. Located in one of South Jersey’s most beloved shore destinations, The Wildwoods offers an unmatched lifestyle with world-famous beaches, the iconic boardwalk, incredible restaurants, waterfront dining, marinas, nightlife, festivals and endless entertainment. Whether you are seeking a luxurious year-round residence, vacation getaway or investment opportunity, this exceptional condo delivers the very best of shore living.

17. 2026-05-23
    listed $599,900 Active

    Show marketing remark (2995 chars)

    Welcome to coastal luxury living at its finest in the heart of Wildwood! This stunning first-floor condominium at The Wildwoods offers the perfect blend of elegance, comfort and seaside charm, all situated on a desirable bay block just steps from breathtaking waterfront sunsets. Part of an intimate 4-unit building within an 8-unit condo association, this meticulously maintained residence has never been rented and has been lovingly cared for as a primary home, truly reflecting pride of ownership throughout. Arrive to find an oversized deck with beautiful bay views, the perfect place to enjoy your morning coffee or unwind while taking in spectacular evening sunsets just down the street along the waterfront. Enter to discover newly installed luxury vinyl plank hardwood flooring and fresh paint throughout, creating a bright, modern and inviting atmosphere. The spacious open-concept main living area is designed for both entertaining and everyday comfort, featuring a large living room with ceiling fan, cozy fireplace and mounted TV with Bose surround sound system included. The living room seamlessly flows into the formal dining area highlighted by an elegant chandelier and continues into the expansive kitchen offering a breakfast bar with pendant lighting, an abundance of cabinetry and counter space, gas range, dishwasher and refrigerator. The rear of the home hosts a spacious primary suite complete with ceiling fan, private fireplace, large closet and direct access to a private deck overlooking the pool. The luxurious primary bathroom features a stall shower and ample space to relax and recharge. The second bedroom also offers a ceiling fan, large closet and private deck overlooking the pool area, while the third bedroom includes a ceiling fan and generous closet space. A beautifully appointed hall bathroom with shower/soaking tub combo and a separate laundry room with washer, dryer and additional storage complete the interior. For added convenience and peace of mind, the camera/security system is also included with the sale. Step outside to enjoy the large private community pool exclusive to the association, creating the perfect retreat after a day at the beach. Additional highlights include an oversized garage capable of fitting 2 cars, secured private storage room and plenty of additional storage space. The low association fee includes the community pool and exterior insurance for added peace of mind. Additional features are new water heater, new 30-year roof and all furniture, dishes, glasses and silverware are included. Located in one of South Jersey’s most beloved shore destinations, The Wildwoods offers an unmatched lifestyle with world-famous beaches, the iconic boardwalk, incredible restaurants, waterfront dining, marinas, nightlife, festivals and endless entertainment. Whether you are seeking a luxurious year-round residence, vacation getaway or investment opportunity, this exceptional condo delivers the very best of shore living.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NJ · Partial reset (capped growth)

• Current annual tax: $6,791 · $566/mo
• Projected year-2 tax: $10,864 · $905/mo
• Expected delta: +$4,073/yr (+$339/mo · 60.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $86,831
• − Mortgage interest: −$33,604
• − Property taxes: −$6,791
• − Insurance: −$3,000
• − Repairs & maintenance: −$6,946
• − Management: −$6,946
• − HOA: −$3,396
• − Depreciation: −$17,452
• Taxable income: $8,696
• Est. tax owed @ 24.0%: −$2,087
• After-tax cash flow: $15,571/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Wildwood City School District
• NCES district ID: 3417940
• Math proficiency: 12% ▼ -6.00%
• Reading proficiency: 27% ▲ 5.00%
• Median HH income: $33,232
• Composite: 15.84/100
• National rank: #9261
• State rank: #442 of 472 in NJ

Livability — Wildwood

• Score: 74/100
• State rank: #176
• US rank: #4679

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment D Housing C+ Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wildwood, NJ
• Population (ZIP): 12,913

Population outlook (Cape May County) Hauer SSP2

• Today (2025): 88,234 people
• By 2030: 84,144 · -4.6%
• By 2040: 75,146 · -14.8%
• By 2050: 67,389 · -23.6%
• By 2075: 55,732 · -36.8%
• By 2100: 44,972 · -49.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Hispanic / Latino 14% Two or more races 7% Black 3% Native American 1%
• Hispanic origin (detail): Mexican 10% Puerto Rican 3%
• Common ancestry: Romanian 7% Slovak 2% Lithuanian 1%
• Foreign-born: 9% · Canada
• Languages at home: 84% English-only · Spanish 12% Other Indo-European 3% French/Haitian/Cajun 1%

Political lean MEDSL · Cape May

• 2024 margin: R (+19.2) · D 39.7% · R 58.9% · Other 1.4%
• 2008→2024 swing: -10.6pp toward R · 2008: -8.7pp · 2024: -19.2pp
• All cycles: 2024: R+19.2 2020: R+15.9 2016: R+19.9 2012: R+8.9 2008: R+8.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -243.83%
• Current HPI: 551.3393
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.05%
• F500 in state: 34

Industry mix (Fortune 500 HQ in NJ)

Industry	F500 HQs	Revenue
▸Consumer Goods	3	$31B
▸Pharmaceuticals	2	$153B
▸Technology	2	$21B
▸Insurance	2	$20B
▸Healthcare	2	$19B
▸Financial Services	1	$70B

Price history

+0.0% since first listed

2 events — show timeline

• 2026-05-23 Listed $599,900 BRIGHT MLS
• 2026-05-23 Listed $599,900 CMCMLS

Property tax history

+2.9%/yr

Latest (2025): $6,791 · +2.8% YoY. Source: county tax records.