1 S Bartram Ave APT 6Atlantic CityNJ08401
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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
Investment property for sale in Atlantic City at 1 S Bartram Ave APT 6, Atlantic City, NJ, 08401 earns from $2,498/mo rent with a $2,369/mo payment. Total monthly income totals $2,498/mo. ROI tracks 12.79% on current figures, and rental yield reads 6.19% at a $484,000 purchase. Equity gained on principal adds $3,123/yr, and 5% annual appreciation supports $133,720 over five years. Five-year ROI reaches 65.92% and total cumulative return in cash sums $105,768. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,498/mo property income instead of your personal income.
Condo
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08401, Atlantic City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,611 (100%) |
| Owner Occupied HU | 3,813 (18.5%) |
| Renter Occupied HU | 12,388 (60.1%) |
| Vacant Housing Units | 4,410 (21.4%) |
| Median Home Value | $239,437 |
| Average Home Value | $322,912 |
Housing Distribution
Address Breakdown
Residential
18,687
Single Family
11,390
Multi-Family
7,297
Businesses
1,294
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Listed by: Gennifer Reiff • BHHS FOX and ROACH-Margate
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #587725
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2024 South Jersey Shore Regional Multiple Listing Service. All rights reserved.