1531 Morris Cain PlAtlantic 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 1531 Morris Cain Pl, Atlantic City, NJ, 08401 offers a 9.43% rental yield on a $159,900 purchase with $1,257/mo rent. Total monthly income registers $1,257/mo, and a $783/mo payment leaves $117/mo available for distribution. Annual cash flow reaches $1,403/yr on $53,007 to close, and return on cash invested stands at 22.56% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 118.28% and total cumulative return in cash at $62,694. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,257/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
669.30 sqft 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: Hader Rivas • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #NJAC2019476