3101 Boardwalk #1804-1Atlantic 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 3101 Boardwalk #1804-1, Atlantic City, NJ, 08401 uses $61,294 cash to close to unlock $6,229/yr annual cash flow and $519/mo monthly cash flow. Total monthly income runs $1,837/mo, and a $905/mo payment keeps the spread at $519/mo. Purchase price stands at $184,900, and rental yield measures 11.92% with $1,837/mo rent. Return on cash invested shows 30.07% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 158.65% and total cumulative return in cash records $97,243. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,837/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
Built in 1986
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: Dave Strauss • Action USA Jay Robert Realtors
Mls Name: Bright MLS
Mls ID: #NJAC2022140