1515 Boardwalk #1008Atlantic CityNJ08401
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 1515 Boardwalk #1008, Atlantic City, NJ, 08401 in Atlantic City achieves a 1.68 ratio at $170,000: $1,281/mo rent versus $764/mo debt service. Rental yield 9.04%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 9.04% yield compounds alongside 5% annual appreciation projecting $46,968 in value. Total projected cumulative return: $69,672.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 7.5% |
| Monthly Cash Flow | $(747) | $850 |
City averages based on Atlantic City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,281 |
| Total Monthly Debt Service | $1,144 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1986
0.95 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1986
0.95 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patti Chapnick • RE/MAX at the Sea
Mls Name: Bright MLS
Mls ID: #NJAC2022210