324 Madison 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
Investment property for sale in Atlantic City at 324 Madison Ave, Atlantic City, NJ, 08401 listed at $244,500 pairs $3,137/mo rent with a $1,197/mo payment to leave $1,394/mo cash flow. Total monthly income runs $3,137/mo, and annual cash flow reaches $16,727/yr on $81,052 cash to close. Return on cash invested measures 40.55% in year one, and rental yield registers 15.4% at a $244,500 basis. Equity gained on principal adds $1,578/yr, and annual property appreciation at 5% supports $67,551 by year five. Five-year ROI tracks 214.74% and total cumulative return in cash totals $174,047. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,137/mo property income relative to a $1,197/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1990
1,104 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: Gerard (Jerry) Barker • WEICHERT REALTORS ASBURY GROUP-AC
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #587468
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.