3101 Boardwalk #2504-1Atlantic CityNJ08401
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3101 Boardwalk #2504-1, Atlantic City, NJ, 08401 generates $2,353/mo in rent and, after a $1,444/mo payment, leaves $250/mo in cash flow. Total monthly income is $2,353/mo, and annual cash flow is $3,002/yr on $97,793 invested. Return on cash invested sits at 22.98% in year one, and rental yield is 9.57% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 120.58% and total cumulative return in cash sums $117,914. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,353/mo property income rather than buyer’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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Danielle (Dani) Gajtkowski • MARCHESE REAL ESTATE, LLC
Mls Name: SJSRMLS
Mls ID: #603740