1515 Boardwalk #2704Atlantic 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
Rental property for sale in Atlantic City at 1515 Boardwalk #2704, Atlantic City, NJ, 08401 generates $1,206/mo in rent and, after a $778/mo payment, leaves $73/mo in cash flow. Total monthly income is $1,206/mo, and annual cash flow is $875/yr on $52,709 invested. Return on cash invested sits at 21.57% in year one, and rental yield is 9.1% on a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 112.97% and total cumulative return in cash sums $59,544. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,206/mo property income rather than buyer’s personal income.
Condo
Built in N/A
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: PAULA HARTMAN • BHHS FOX and ROACH-Margate
Mls Name: SJSRMLS
Mls ID: #597103