1816 Hummock AveAtlantic 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 1816 Hummock Ave, Atlantic City, NJ, 08401 generates $2,693/mo in rent and, after a $1,713/mo payment, leaves $199/mo in cash flow. Total monthly income is $2,693/mo, and annual cash flow is $2,383/yr on $115,992 invested. Return on cash invested sits at 21.96% in year one, and rental yield is 9.24% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 115.1% and total cumulative return in cash sums $133,506. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,693/mo property income rather than buyer’s personal income.
Multi Family
Built in 1910
2,375 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: Gerard (Jerry) Barker • WEICHERT REALTORS ASBURY GROUP-AC
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #591120
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. 2024 South Jersey Shore Regional Multiple Listing Service. All rights reserved.