2721 Boardwalk #1704Atlantic 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 2721 Boardwalk #1704, Atlantic City, NJ, 08401 offers a 11.44% rental yield on a $174,900 purchase with $1,668/mo rent. Total monthly income registers $1,668/mo, and a $856/mo payment leaves $421/mo available for distribution. Annual cash flow reaches $5,057/yr on $57,979 to close, and return on cash invested stands at 28.63% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,322 over five years. Portfolio math shows five-year ROI at 150.88% and total cumulative return in cash at $87,480. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,668/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1921
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: DAVID HIRSCH • BOARDWALK REALTY
Mls Name: SJSRMLS
Mls ID: #597172