101 S Raleigh Ave APT 932, Atlantic City, NJ, 08401 | $159/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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101 S Raleigh Ave APT 932, Atlantic City, NJ, 08401 | $159/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Atlantic City at 101 S Raleigh Ave APT 932, Atlantic City, NJ, 08401 generates $1,506/mo in rent and, after a $925/mo payment, leaves $159/mo in cash flow. Total monthly income is $1,506/mo, and annual cash flow is $1,907/yr on $62,654 invested. Return on cash invested sits at 22.95% in year one, and rental yield is 9.56% 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 120.39% and total cumulative return in cash sums $75,430. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,506/mo property income rather than buyer’s personal income.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Stunning Ocean Views from the Penthouse! Dont miss this incredible opportunity to own a beautifully renovated penthouse unit with breathtaking ocean views! This spacious open-concept kitchen features full-size appliances and exquisite custom cabinetry, perfect for culinary enthusiasts. Enjoy the natural light in the bright living area, which boasts a large picture window, allowing you to soak in the scenic beauty. The living room is complete with modern vinyl plank flooring and a ceiling fan for your comfort. The bedroom also offers a large picture window to enjoy stunning ocean views and includes a generously sized, outfitted closet. The fully updated bathroom is a serene retreat with its spacious layout, newer tub, new neutral tiling, and stylish custom cabinetry. This full-service building provides an array of amenities, including 24-hour security, a club room, a fitness center, on-site laundry, bike storage, storage lockers, a game room, and so much more! Conveniently located just steps from the world-famous Boardwalk, pristine beaches, shopping, fine dining, and transportation, this property has it all. Act fastthis gem wont last long! Call today to schedule a viewing!

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