3101 Boardwalk #2402-2Atlantic 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 #2402-2, Atlantic City, NJ, 08401 uses $89,505 cash to close to unlock $4,968/yr annual cash flow and $414/mo monthly cash flow. Total monthly income runs $2,339/mo, and a $1,322/mo payment keeps the spread at $414/mo. Purchase price stands at $270,000, and rental yield measures 10.4% with $2,339/mo rent. Return on cash invested shows 25.46% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 133.83% and total cumulative return in cash records $119,785. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,339/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Condo
Built in 1985
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: Carol Huff • Keller Williams Realty - Atlantic City
Mls Name: Bright MLS
Mls ID: #NJAC2020630