127 W 3rd Ave · North Wildwood, NJ 08260

$975,000

3 bd · 3.0 ba · 878 sqft · SingleFamily public records · 14 Days on market

Built 1955 Est $667k · 46% over

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.3/10.0
• Schools +4.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

IT'S ALL ABOUT THE LOCATION Nestled on a desirable street in Northern end of town this home situated on a fenced 50' x 100' lot is just a short stroll to entertainment district yet, just far enough away to allow you to enjoy the serenity of this peaceful shore community. The home is currently utilized as a two bedrooms but, could be considered three bedrooms as one room is utilized as a combination laundry room/office. The home has good curb appeal. Although the interior is somewhat dated it is obvious that that the home as been well maintained. A detached 1.5 car garage adds to the property's appeal. This estate property has been priced for quick sale.

Key facts

• Built 1955
• Listed 14 days

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $975k.

Deal economics

• At list price, monthly cash flow is $4k ($47k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($13k rent vs $975k).
• Cap rate 11.7% 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: 437 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 $7k of loan paydown is wiped out by about $29k 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 $273k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 11y 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 $240k; list at $975k implies a 306% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $975,000

Questions for the listing agent

1. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.33% ✓
• Cap rate: 11.68%
• Cash-on-cash: 19.24%
• DSCR: 1.86
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $667,280
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
520 W Mulberry Ave	0.52mi	3/1.0	912 (+4%)	2mo	$693,000	$760	59
228.5 W Walnut Ave	0.21mi	3/2.0	1,000 (+14%)	13mo	$576,375	$576	52
527 W Pine Ave	0.52mi	2/1.0 (-1)	792 (-10%)	2mo	$510,000	$644	44
131 E 11th Ave	0.44mi	2/1.0 (-1)	986 (+12%)	6mo	$850,000	$862	41

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: 8.7%
• Equity multiple: 1.34×
• Total profit: $93,592
• Equity at exit: $145,376

10-year hold

• IRR: 17.9%
• Equity multiple: 2.48×
• Total profit: $405,283
• Equity at exit: $84,300

Cash invested: $273,000 (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: 6.2×

Monthly cashflow live

• Estimated rent: $13,000 medium
• Mortgage (P&I): −$5,113
• Tax from tax record: −$373 /mo · $4,478/yr
• Insurance: −$406
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,730
• Net cashflow: $3,951

Break-even live

Break-even rent $7,999

Max offer price $975,000

Occupancy floor 65%

Sensitivity live

Price	-10% $4,503	-5% $4,227	+0% $3,951	+5% $3,675	+10% $3,399
Rent	-10% $2,924	-5% $3,438	+0% $3,951	+5% $4,465	+10% $4,978
Rate	-1.0pp $4,442	-0.5pp $4,199	base $3,951	+0.5pp $3,698	+1.0pp $3,441

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: $243,750
• Closing costs: $29,250
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
642 W Pine Ave #2 North Wildwood, NJ	3.0	1.0	1010	$13,000	$12.87	45d	1	0.66mi

Listing history 8 events

1. 2026-05-12
   listed $975,000 Active
2. 2016-06-03
   soldstatus $240,000
3. 2016-05-27
   soldstatus $240,000 Sold In-House 663-char remark

   Show marketing remark (663 chars)

   IT'S ALL ABOUT THE LOCATION Nestled on a desirable street in Northern end of town this home situated on a fenced 50' x 100' lot is just a short stroll to entertainment district yet, just far enough away to allow you to enjoy the serenity of this peaceful shore community. The home is currently utilized as a two bedrooms but, could be considered three bedrooms as one room is utilized as a combination laundry room/office. The home has good curb appeal. Although the interior is somewhat dated it is obvious that that the home as been well maintained. A detached 1.5 car garage adds to the property's appeal. This estate property has been priced for quick sale.

4. 2016-04-25
   historical 663-char remark

   Show marketing remark (663 chars)

   IT'S ALL ABOUT THE LOCATION Nestled on a desirable street in Northern end of town this home situated on a fenced 50' x 100' lot is just a short stroll to entertainment district yet, just far enough away to allow you to enjoy the serenity of this peaceful shore community. The home is currently utilized as a two bedrooms but, could be considered three bedrooms as one room is utilized as a combination laundry room/office. The home has good curb appeal. Although the interior is somewhat dated it is obvious that that the home as been well maintained. A detached 1.5 car garage adds to the property's appeal. This estate property has been priced for quick sale.

5. 2016-02-07
   price $259,000 663-char remark

   Show marketing remark (663 chars)

   IT'S ALL ABOUT THE LOCATION Nestled on a desirable street in Northern end of town this home situated on a fenced 50' x 100' lot is just a short stroll to entertainment district yet, just far enough away to allow you to enjoy the serenity of this peaceful shore community. The home is currently utilized as a two bedrooms but, could be considered three bedrooms as one room is utilized as a combination laundry room/office. The home has good curb appeal. Although the interior is somewhat dated it is obvious that that the home as been well maintained. A detached 1.5 car garage adds to the property's appeal. This estate property has been priced for quick sale.

6. 2015-12-02
   listed $289,000 Active 663-char remark

   Show marketing remark (663 chars)

   IT'S ALL ABOUT THE LOCATION Nestled on a desirable street in Northern end of town this home situated on a fenced 50' x 100' lot is just a short stroll to entertainment district yet, just far enough away to allow you to enjoy the serenity of this peaceful shore community. The home is currently utilized as a two bedrooms but, could be considered three bedrooms as one room is utilized as a combination laundry room/office. The home has good curb appeal. Although the interior is somewhat dated it is obvious that that the home as been well maintained. A detached 1.5 car garage adds to the property's appeal. This estate property has been priced for quick sale.

7. 2015-08-01
   price $289,000
8. 2015-07-07
   price $309,000

ⓘ 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: $4,478 · $373/mo
• Projected year-2 tax: $14,378 · $1,198/mo
• Expected delta: +$9,900/yr (+$825/mo · 221.1%)

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥95°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $156,000
• − Mortgage interest: −$54,615
• − Property taxes: −$4,478
• − Insurance: −$9,994
• − Repairs & maintenance: −$12,480
• − Management: −$12,480
• − Depreciation: −$28,364
• Taxable income: $33,590
• Est. tax owed @ 24.0%: −$8,062
• After-tax cash flow: $39,351/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

+215.5% since first listed

8 events — show timeline

• 2026-05-12 Listed $975,000 FSBO.com
• 2016-06-03 Sold (Public Records) $240,000 Public Records
• 2016-05-27 Sold (MLS) $240,000 CMCMLS
• 2016-04-25 Delisted — CMCMLS
• 2016-02-07 Price Changed $259,000 CMCMLS
• 2015-12-02 Listed $289,000 CMCMLS
• 2015-08-01 Price Changed $289,000 CMCMLS
• 2015-07-07 Price Changed $309,000 CMCMLS

Property tax history

+3.3%/yr

Latest (2025): $4,478 · +2.1% YoY. Source: county tax records.