29 S Florida Ave APT CAtlantic 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 29 S Florida Ave APT C, Atlantic City, NJ, 08401 priced at $252,500 pairs $2,479/mo rent with $679/mo cash flow after a $1,236/mo payment. Total monthly income equals $2,479/mo, and annual cash flow comes to $8,149/yr on $83,704 invested. Return on cash invested is 29.64% in year one, and rental yield stands at 11.78% on a $252,500 basis. Equity gained on principal adds $1,629/yr, and 5% annual appreciation accumulates to $69,761 by year five. Five-year ROI measures 156.35% and total cumulative return in cash reaches $130,875. For financing, Ziffy Mortgage’s DSCR program evaluates $2,479/mo property income against a $1,236/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
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: Teal Levick • Tealestate LLC
Mls Name: Bright MLS
Mls ID: #NJAC2021418