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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Atlantic City at 101 S Raleigh Ave APT 319, Atlantic City, NJ, 08401 generates $1,671/mo in rent and, after a $925/mo payment, leaves $324/mo in cash flow. Total monthly income is $1,671/mo, and annual cash flow is $3,887/yr on $62,654 invested. Return on cash invested sits at 26.11% in year one, and rental yield is 10.61% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 137.34% and total cumulative return in cash sums $86,050. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,671/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08401, Atlantic City, NJ area.
| 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 |
Residential
18,687
Single Family
11,390
Multi-Family
7,297
Businesses
1,294
Date | Event | Price |
|---|---|---|
| 2024-09-23 | Price change | $189,000 |
| 2024-09-12 | Price change | $209,000 |
| 2024-08-07 | Listed for sale | $218,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-19 | $3714.73 | -8.61% | $104,200 | N/A |
| 2022-02-19 | $4064.84 | -0.84% | $104,200 | N/A |
| 2021-02-19 | $4099.23 | 16.92% | $104,200 | N/A |
Listed by: Susan Solomon • BHHS FOX and ROACH-Margate
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #592391
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. 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.
