421 Carson Ave APT 3Atlantic 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
Investment property for sale in Atlantic City at 421 Carson Ave APT 3, Atlantic City, NJ, 08401 offers a 9.71% rental yield on a $254,500 purchase with $2,060/mo rent. Total monthly income registers $2,060/mo, and a $1,246/mo payment leaves $246/mo available for distribution. Annual cash flow reaches $2,947/yr on $84,367 to close, and return on cash invested stands at 23.4% in year one. Equity gained on principal adds $1,642/yr while 5% annual appreciation supports $70,314 over five years. Portfolio math shows five-year ROI at 122.83% and total cumulative return in cash at $103,627. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,060/mo property income against a $1,246/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2024
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: Marie Lepera • BHHS FOX and ROACH-Brigantine
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #586821
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.