37 S Iowa Ave APT 2AAtlantic 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 37 S Iowa Ave APT 2A, Atlantic city, NJ, 08401 with 5% annual appreciation on a $135,000 basis while $1,069/mo rent supports operations. Total monthly income totals $1,069/mo and a $661/mo payment preserves $107/mo for cash returns. Annual cash flow comes to $1,278/yr on $44,753 deployed, and return on cash invested reaches 22.76% in year one. Equity gained on principal adds $871/yr, and five-year appreciation sums $37,298 alongside rental yield of 9.5%. Five-year ROI measures 119.43% and total cumulative return in cash totals $53,449.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,069/mo property income versus a $661/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in N/A
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: SUSANNE SILVESTRI • RE/MAX COASTAL
Mls Name: SJSRMLS
Mls ID: #604149