101 S Raleigh Ave APT 221Atlantic 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 101 S Raleigh Ave APT 221, Atlantic City, NJ, 08401 listed at $100,000 pairs $1,444/mo rent with a $489/mo payment to leave $732/mo cash flow. Total monthly income runs $1,444/mo, and annual cash flow reaches $8,780/yr on $33,150 cash to close. Return on cash invested measures 46.39% in year one, and rental yield registers 17.33% at a $100,000 basis. Equity gained on principal adds $645/yr, and annual property appreciation at 5% supports $27,628 by year five. Five-year ROI tracks 246.17% and total cumulative return in cash totals $81,604. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,444/mo property income relative to a $489/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1950
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: GEORGE STEFANIDES • G&L Real Estate Group
Mls Name: SJSRMLS
Mls ID: #601821