415 E 4th Ave Unit H · North Wildwood, NJ 08260

$849,900

3 bd · 2.0 ba · 1,600 sqft · Condo public records · 22 Days on market

Built 2002

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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 +27.3/30.0
• DSCR +9.5/10.0
• ARV discount +7.5/15.0
• 1% rule +6.6/10.0
• Schools +4.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

WOW is the perfect word to describe this Fully Furnished Top Floor Extra Clean End Unit Condo in the Extremely Desirable North End of North Wildwood only a block to Our Awesome Beaches. This Beauty has Never Been Rented and it's such a desirable building that it is Very Rare to find a unit available to the public. The Extra Wide and Open Layout make it the perfect Shore Home to entertain Family & Friends. From the moment you step inside this Gorgeous Top Floor Home you get that feeling that "This is the Right One" for you. Enjoy Fantastic Open Concept Living & Dining Areas with Dramatic Vaulted Ceilings, Custom Blinds, Andersen Windows, Recessed Lighting, Gas Fireplace to warm you on those cool winter nights, 3 Bedrooms including a Large Master Suite complete with Tiled Bath and Custom Full Size Shower with Glass Doors. For your Outdoor pleasure, Enjoy the Cool Ocean Breeze, Water Views and Friday Night Fireworks from your Large Private Covered Deck or take a short stroll to our Ever Popular Sea Wall and Entertainment District. Recent Upgrades include Brand New Custom Paint , Newer A/C Condenser, 50 Gallon Gas Hot Water Heater, Flat Screen TV with Bose Sound Bar, Whirlpool Refrigerator, New adjustable bed & mattress in the Master Suite. For your added convenience enjoy 3 - 4 car parking, Huge Private and heated Ground Floor Storage Room and Private Covered Outside Shower with hot and cold water. This is an 8 unit Association with healthy financials, No Lawsuits, No Assessments and No Buy-In Fee. Although this unit has never been rented, others in the building generate $2500/ week during the summer season. Call Today for your Private Showing.

Key facts

• Garage
• Built 2002
• Listed 22 days

Property features AI

Finance

• Other: Property is listed for sale
• Financial info: Condo fee reported
• HOA & community: Owners allowed pets; Year-round usage; Condo fee applies

Exterior

• Parking: Attached garage with automatic door opener; Garage for 3 cars; Assigned parking; Concrete driveway
• Utilities: City water; City sewer; Gas hot water
• Home design: Condominium unit; Top floor; Corner unit; Unit H
• Construction: No construction details provided
• Exterior features: Deck/porch; Enclosed/covered porch; Outside shower; Water view; Near the beach (1 block)

Interior

• Kitchen: Range; Microwave; Refrigerator; Dishwasher; Disposal; Kitchen with center island
• Bedrooms: 3 bedrooms (unit H, top floor, corner with water view)
• Flooring: Wall-to-wall carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas forced air heating; Central air conditioning; Electric components; Ceiling fan
• Interior features: Curtains and blinds included; Furniture included; Smoke and fire detector; Skylight; Cathedral ceiling; Walk-in/cedar closet; Storage space; Living room, great room, dining area
• Laundry & utility: Washer and dryer; Laundry/utility room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $850k.

Deal economics

• At list price, monthly cash flow is $2k ($30k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($10k rent vs $850k).
• Recommended offer: $837k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.8% vs local median 3.6% in North 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 68/100 on livability (#318 in NJ) — a middle-class / working-renter tenant base. Strengths: health & safety A+; Watch: amenities C-, crime D-, commute F.
• North Wildwood School District (suburban): math 55% / reading 45% proficiency, ranked #396 of 612 in NJ (top 65%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 431 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $6k of loan paydown is wiped out by about $25k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $238k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($837k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 12y ago 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.
• Current owner paid $485k; list at $850k implies a 75% gain — meaningful room to come down on a strong offer.

Recommended offer $837,151 (1.5% below list)

Questions for the listing agent

1. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is D 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?
4. 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.
5. 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.
6. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.16% ✓
• Cap rate: 9.78%
• Cash-on-cash: 12.44%
• DSCR: 1.55
• GRM: 7.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 2.1%
• Equity multiple: 1.08×
• Total profit: $19,221
• Equity at exit: $126,723

10-year hold

• IRR: 11.7%
• Equity multiple: 1.92×
• Total profit: $218,352
• Equity at exit: $73,484

Cash invested: $237,972 (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: 431
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $9,900 medium
• Mortgage (P&I): −$4,457
• Tax from tax record: −$543 /mo · $6,518/yr
• Insurance: −$354
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,079
• Net cashflow: $2,467

Break-even live

Break-even rent $6,777

Max offer price $849,900

Occupancy floor 70%

Sensitivity live

Price	-10% $2,948	-5% $2,707	+0% $2,467	+5% $2,226	+10% $1,986
Rent	-10% $1,685	-5% $2,076	+0% $2,467	+5% $2,858	+10% $3,249
Rate	-1.0pp $2,895	-0.5pp $2,683	base $2,467	+0.5pp $2,247	+1.0pp $2,023

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: $212,475
• Closing costs: $25,497
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
96 Seaspray Ct Wildwood, NJ	3.0	2.5	1650	$9,900	$6.00	44d	1	1.17mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: watergaspool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 9 events

1. 2026-05-07
   listed $849,900 Active
2. 2026-05-04
   listed $849,900
3. 2020-07-31
   soldstatus $485,000
4. 2020-07-24
   soldstatus $485,000 Sold Coop by Member 1698-char remark

   Show marketing remark (1698 chars)

   WOW is the perfect word to describe this Fully Furnished Top Floor Extra Clean End Unit Condo in the Extremely Desirable North End of North Wildwood only a block to Our Awesome Beaches. This Beauty has Never Been Rented and it's such a desirable building that it is Very Rare to find a unit available to the public. The Extra Wide and Open Layout make it the perfect Shore Home to entertain Family & Friends. From the moment you step inside this Gorgeous Top Floor Home you get that feeling that "This is the Right One" for you. Enjoy Fantastic Open Concept Living & Dining Areas with Dramatic Vaulted Ceilings, Custom Blinds, Andersen Windows, Recessed Lighting, Gas Fireplace to warm you on those cool winter nights, 3 Bedrooms including a Large Master Suite complete with Tiled Bath and Custom Full Size Shower with Glass Doors. For your Outdoor pleasure, Enjoy the Cool Ocean Breeze, Water Views and Friday Night Fireworks from your Large Private Covered Deck or take a short stroll to our Ever Popular Sea Wall and Entertainment District. Recent Upgrades include Brand New Custom Paint , Newer A/C Condenser, 50 Gallon Gas Hot Water Heater, Flat Screen TV with Bose Sound Bar, Whirlpool Refrigerator, New adjustable bed & mattress in the Master Suite. For your added convenience enjoy 3 - 4 car parking, Huge Private and heated Ground Floor Storage Room and Private Covered Outside Shower with hot and cold water. This is an 8 unit Association with healthy financials, No Lawsuits, No Assessments and No Buy-In Fee. Although this unit has never been rented, others in the building generate $2500/ week during the summer season. Call Today for your Private Showing.

5. 2020-05-24
   status Under Contract 1698-char remark

   Show marketing remark (1698 chars)

   WOW is the perfect word to describe this Fully Furnished Top Floor Extra Clean End Unit Condo in the Extremely Desirable North End of North Wildwood only a block to Our Awesome Beaches. This Beauty has Never Been Rented and it's such a desirable building that it is Very Rare to find a unit available to the public. The Extra Wide and Open Layout make it the perfect Shore Home to entertain Family & Friends. From the moment you step inside this Gorgeous Top Floor Home you get that feeling that "This is the Right One" for you. Enjoy Fantastic Open Concept Living & Dining Areas with Dramatic Vaulted Ceilings, Custom Blinds, Andersen Windows, Recessed Lighting, Gas Fireplace to warm you on those cool winter nights, 3 Bedrooms including a Large Master Suite complete with Tiled Bath and Custom Full Size Shower with Glass Doors. For your Outdoor pleasure, Enjoy the Cool Ocean Breeze, Water Views and Friday Night Fireworks from your Large Private Covered Deck or take a short stroll to our Ever Popular Sea Wall and Entertainment District. Recent Upgrades include Brand New Custom Paint , Newer A/C Condenser, 50 Gallon Gas Hot Water Heater, Flat Screen TV with Bose Sound Bar, Whirlpool Refrigerator, New adjustable bed & mattress in the Master Suite. For your added convenience enjoy 3 - 4 car parking, Huge Private and heated Ground Floor Storage Room and Private Covered Outside Shower with hot and cold water. This is an 8 unit Association with healthy financials, No Lawsuits, No Assessments and No Buy-In Fee. Although this unit has never been rented, others in the building generate $2500/ week during the summer season. Call Today for your Private Showing.

6. 2020-05-06
   listed $494,900 Active 1698-char remark

   Show marketing remark (1698 chars)

   WOW is the perfect word to describe this Fully Furnished Top Floor Extra Clean End Unit Condo in the Extremely Desirable North End of North Wildwood only a block to Our Awesome Beaches. This Beauty has Never Been Rented and it's such a desirable building that it is Very Rare to find a unit available to the public. The Extra Wide and Open Layout make it the perfect Shore Home to entertain Family & Friends. From the moment you step inside this Gorgeous Top Floor Home you get that feeling that "This is the Right One" for you. Enjoy Fantastic Open Concept Living & Dining Areas with Dramatic Vaulted Ceilings, Custom Blinds, Andersen Windows, Recessed Lighting, Gas Fireplace to warm you on those cool winter nights, 3 Bedrooms including a Large Master Suite complete with Tiled Bath and Custom Full Size Shower with Glass Doors. For your Outdoor pleasure, Enjoy the Cool Ocean Breeze, Water Views and Friday Night Fireworks from your Large Private Covered Deck or take a short stroll to our Ever Popular Sea Wall and Entertainment District. Recent Upgrades include Brand New Custom Paint , Newer A/C Condenser, 50 Gallon Gas Hot Water Heater, Flat Screen TV with Bose Sound Bar, Whirlpool Refrigerator, New adjustable bed & mattress in the Master Suite. For your added convenience enjoy 3 - 4 car parking, Huge Private and heated Ground Floor Storage Room and Private Covered Outside Shower with hot and cold water. This is an 8 unit Association with healthy financials, No Lawsuits, No Assessments and No Buy-In Fee. Although this unit has never been rented, others in the building generate $2500/ week during the summer season. Call Today for your Private Showing.

7. 2014-07-01
   soldstatus $420,000
8. 2014-06-20
   soldstatus $420,000 1199-char remark

   Show marketing remark (1199 chars)

   Fantastic Location!! This pristine condo is located just 1.5 short blocks to the beach in this highly sought after North End section of North Wildwood. This is a corner unit with plenty of natural light. As you enter the condo you will find a spacious open floor plan with a family room that offers a gas fireplace, cathedral ceiling & sliders that lead to your private covered deck with gas hook up for bbq grill & beautiful OCEAN VIEWS! Also a spacious dining area and kitchen that features a large breakfast bar w/ stools for an additional entertaining area. Located away from the living area for optimal privacy, the back half of the condo offers 3 spacious bedrooms & 2 full bathrooms. The large master suite has a private bathroom. There is also a laundry area with full size washer & dryer and plenty of closet space throughout! With the large 2 car garage & driveway, there is parking for at least 3-4 cars! Also on the ground floor are a huge private storage room that is heated & an enclosed outside shower. This condo is being sold fully furnished. The condo fee is only $300 per year! New air conditioning installed in 2013, this condo is a must see!

9. 2014-02-03
   listed $439,900 1199-char remark

   Show marketing remark (1199 chars)

   Fantastic Location!! This pristine condo is located just 1.5 short blocks to the beach in this highly sought after North End section of North Wildwood. This is a corner unit with plenty of natural light. As you enter the condo you will find a spacious open floor plan with a family room that offers a gas fireplace, cathedral ceiling & sliders that lead to your private covered deck with gas hook up for bbq grill & beautiful OCEAN VIEWS! Also a spacious dining area and kitchen that features a large breakfast bar w/ stools for an additional entertaining area. Located away from the living area for optimal privacy, the back half of the condo offers 3 spacious bedrooms & 2 full bathrooms. The large master suite has a private bathroom. There is also a laundry area with full size washer & dryer and plenty of closet space throughout! With the large 2 car garage & driveway, there is parking for at least 3-4 cars! Also on the ground floor are a huge private storage room that is heated & an enclosed outside shower. This condo is being sold fully furnished. The condo fee is only $300 per year! New air conditioning installed in 2013, this condo is a must see!

ⓘ 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: $6,518 · $543/mo
• Projected year-2 tax: $13,840 · $1,153/mo
• Expected delta: +$7,322/yr (+$610/mo · 112.4%)

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

Taxation est. · year 1

• Rental income: $118,800
• − Mortgage interest: −$47,608
• − Property taxes: −$6,518
• − Insurance: −$4,250
• − Repairs & maintenance: −$9,504
• − Management: −$9,504
• − Depreciation: −$24,724
• Taxable income: $16,693
• Est. tax owed @ 24.0%: −$4,006
• After-tax cash flow: $25,595/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: North Wildwood School District
• NCES district ID: 3411670
• Math proficiency: 55% ▲ 5.00%
• Reading proficiency: 45% ▬ 0.00%
• Median HH income: $45,310
• Composite: 44.38/100
• National rank: #6123
• State rank: #396 of 612 in NJ

Livability — North Wildwood

• Score: 68/100
• State rank: #318
• US rank: #9827

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North 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

+93.2% since first listed

9 events — show timeline

• 2026-05-07 Listed $849,900 CMCMLS
• 2026-05-04 Listed $849,900 CMCMLS
• 2020-07-31 Sold (Public Records) $485,000 Public Records
• 2020-07-24 Sold (MLS) $485,000 CMCMLS
• 2020-05-24 Pending — CMCMLS
• 2020-05-06 Listed $494,900 CMCMLS
• 2014-07-01 Sold (Public Records) $420,000 Public Records
• 2014-06-20 Sold (MLS) $420,000 CMCMLS
• 2014-02-03 Listed $439,900 CMCMLS

Property tax history

+3.6%/yr

Latest (2025): $6,518 · +2.1% YoY. Source: county tax records.