2809 Fairmount 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 2809 Fairmount Ave, Atlantic City, NJ, 08401 priced at $359,400 converts $2,664/mo rent into $102/mo cash flow after a $1,759/mo obligation. Total monthly income equals $2,664/mo, and annual cash flow totals $1,228/yr on $119,141 invested. Return on cash invested prints 20.94% in year one, and rental yield reads 8.89% against a $359,400 entry. Equity gained on principal adds $2,319/yr, while 5% annual appreciation compiles into $99,296 by year five. Five-year ROI reaches 109.63% and total cumulative return in cash sums $130,609. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,664/mo property income covering a $1,759/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
2,000 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: Emily Christian • FARLEY and FERRY REALTY, INC
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #581916
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.