153 W Taylor Ave #6 · Wildwood, NJ 08260

$599,900

3 bd · 2.0 ba · 1,490 sqft · Condo public records · 63 Days on market

Built 2004

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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 +28.0/30.0
• DSCR +9.9/10.0
• ARV discount +7.5/15.0
• 1% rule +7.3/10.0
• 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

Your Wildwood Shore Escape - From the Top! Just 3 blocks to the sand and surf, this bright and airy top-floor condo offers the perfect blend of comfort and coastal living. Featuring 3 bedrooms, 2 full baths, a full-size utility room, and a spacious open floor plan that combines the living room, kitchen, and dining area, it’s designed for easy gatherings after a day at the beach. Enjoy extra privacy and elevated views from your private balcony, store your beach gear in the shared garage, and unwind in the primary suite with a walk-in closet. Ideally situated near MudHen Brewing Company and only a short stroll to the famous Wildwood boardwalk, countless dining options, and all the fun the shore has to offer!

Key facts

• Wainscoting
• Fresh paint
• New carpeting

Tags

• NEWLY REMODELED
• NEW LAMINATE FLOORING
• NEW CARPETING
• FRESH PAINT
• CROWN MOLDING
• WAINSCOTING

Property features AI

Finance

• Other: Common area cable TV
• HOA & community: Condo fee $700

Exterior

• Parking: Attached garage for 2 cars
• Utilities: City water; City sewer; Electric hot water
• Home design: Condominium unit; Unit #6
• Exterior features: Deck/porch; Storage facilities; Corner unit; Top floor unit; Year-round usage; Owners allowed pets; Located 4 blocks from the beach; Near Mudhen Brew and Dog Tooth

Interior

• Kitchen: Range; Microwave; Refrigerator; Dishwasher
• Bedrooms: 3 bedrooms (top floor, corner unit)
• Flooring: Wall-to-wall carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas forced air heating; Central air conditioning; Ceiling fan(s)
• Interior features: Living room; Dining area; Laundry/utility room; Storage space; Wall-to-wall carpet
• Laundry & utility: Washer; Dryer; Laundry/utility room

What this means for you Summary

Snapshot

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

Deal economics

• At list price, monthly cash flow is $2k ($22k/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: $564k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.0% 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, crime F, cost of living 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.
• Zoned schools: Glenwood Avenue Elementary School (math 8% / reading 27%, grade F, #1,065 of 1,303 statewide, top 83%, 396 students, 89% FRL); Wildwood Middle School (math 12% / reading 22%, grade F, #409 of 431 statewide, top 95%, 172 students, 87% FRL); Wildwood High School (math 22% / reading 47%, grade F, #239 of 399 statewide, top 61%, 263 students, 69% FRL) — zoned schools at 82% FRL track the district average.
• Market conditions: 436 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $168k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 63 days — a 6% lower offer ($564k) 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 $563,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. 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?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.23% ✓
• Cap rate: 10.02%
• Cash-on-cash: 13.30%
• DSCR: 1.59
• GRM: 6.8

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: 3.3%
• Equity multiple: 1.13×
• Total profit: $21,340
• Equity at exit: $89,447

10-year hold

• IRR: 12.8%
• Equity multiple: 2.02×
• Total profit: $171,269
• 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: 436
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $7,399 medium
• Mortgage (P&I): −$3,146
• Tax from tax record: −$588 /mo · $7,056/yr
• Insurance: −$250
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,554
• Net cashflow: $1,861

Break-even live

Break-even rent $5,043

Max offer price $599,900

Occupancy floor 70%

Sensitivity live

Price	-10% $2,201	-5% $2,031	+0% $1,861	+5% $1,691	+10% $1,522
Rent	-10% $1,277	-5% $1,569	+0% $1,861	+5% $2,153	+10% $2,446
Rate	-1.0pp $2,163	-0.5pp $2,014	base $1,861	+0.5pp $1,706	+1.0pp $1,548

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
142 E Youngs Ave Unit 1309014P Wildwood, NJ	3.0	1.5	1194	$5,873	$4.92	45d	1	0.36mi
611 W Burk Ave Unit A Wildwood, NJ	2.0	1.5	1248	$12,000	$9.62	45d	1	0.47mi
154 E Lincoln Ave #104 Wildwood, NJ	3.0	2.5	1500	$4,750	$3.17	45d	1	0.54mi

HOA detail condo

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

Listing history 6 events

1. 2026-03-21
   listed $599,900 Active
2. 2025-12-18
   soldstatus $530,000
3. 2025-11-03
   soldstatus $500,000
4. 2025-10-30
   soldstatus $500,000 Sold Coop by Member 723-char remark

   Show marketing remark (723 chars)

   Your Wildwood Shore Escape - From the Top! Just 3 blocks to the sand and surf, this bright and airy top-floor condo offers the perfect blend of comfort and coastal living. Featuring 3 bedrooms, 2 full baths, a full-size utility room, and a spacious open floor plan that combines the living room, kitchen, and dining area, it’s designed for easy gatherings after a day at the beach. Enjoy extra privacy and elevated views from your private balcony, store your beach gear in the shared garage, and unwind in the primary suite with a walk-in closet. Ideally situated near MudHen Brewing Company and only a short stroll to the famous Wildwood boardwalk, countless dining options, and all the fun the shore has to offer!

5. 2025-09-04
   listed $550,000 723-char remark

   Show marketing remark (723 chars)

   Your Wildwood Shore Escape - From the Top! Just 3 blocks to the sand and surf, this bright and airy top-floor condo offers the perfect blend of comfort and coastal living. Featuring 3 bedrooms, 2 full baths, a full-size utility room, and a spacious open floor plan that combines the living room, kitchen, and dining area, it’s designed for easy gatherings after a day at the beach. Enjoy extra privacy and elevated views from your private balcony, store your beach gear in the shared garage, and unwind in the primary suite with a walk-in closet. Ideally situated near MudHen Brewing Company and only a short stroll to the famous Wildwood boardwalk, countless dining options, and all the fun the shore has to offer!

6. 2004-12-13
   soldstatus $239,900

ⓘ 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: $7,056 · $588/mo
• Projected year-2 tax: $10,997 · $916/mo
• Expected delta: +$3,941/yr (+$328/mo · 55.8%)

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

Taxation est. · year 1

• Rental income: $88,786
• − Mortgage interest: −$33,604
• − Property taxes: −$7,056
• − Insurance: −$3,000
• − Repairs & maintenance: −$7,103
• − Management: −$7,103
• − Depreciation: −$17,452
• Taxable income: $13,469
• Est. tax owed @ 24.0%: −$3,233
• After-tax cash flow: $19,101/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

+150.1% since first listed

6 events — show timeline

• 2026-03-21 Listed $599,900 CMCMLS
• 2025-12-18 Sold (Public Records) $530,000 Public Records
• 2025-11-03 Sold (Public Records) $500,000 Public Records
• 2025-10-30 Sold (MLS) $500,000 CMCMLS
• 2025-09-04 Listed $550,000 CMCMLS
• 2004-12-13 Sold (Public Records) $239,900 Public Records

Property tax history

+2.9%/yr

Latest (2025): $7,056 · +2.8% YoY. Source: county tax records.