421 Carson Ave APT 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
Rental property for sale in Atlantic City at 421 Carson Ave APT 2, Atlantic City, NJ, 08401 generates $2,060/mo in rent and, after a $1,246/mo payment, leaves $246/mo in cash flow. Total monthly income is $2,060/mo, and annual cash flow is $2,947/yr on $84,367 invested. Return on cash invested sits at 23.4% in year one, and rental yield is 9.71% on a $254,500 entry. Equity gained on principal adds $1,642/yr, while 5% annual appreciation builds toward $70,314 over five years. Five-year ROI reaches 122.83% and total cumulative return in cash sums $103,627. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,060/mo property income rather than buyer’s personal income.
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: Marie Lepera • BHHS FOX and ROACH-Brigantine
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #586819
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. 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.