4800 Boardwalk APT 309A, Ventnor City, NJ, 08406 | $150/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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4800 Boardwalk APT 309A, Ventnor City, NJ, 08406 | $150/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Ventnor City at 4800 Boardwalk APT 309A, Ventnor City, NJ, 08406 generates $1,503/mo in rent and, after a $929/mo payment, leaves $150/mo in cash flow. Total monthly income is $1,503/mo, and annual cash flow is $1,799/yr on $62,952 invested. Return on cash invested sits at 22.77% in year one, and rental yield is 9.5% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 119.39% and total cumulative return in cash sums $75,161. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,503/mo property income rather than buyer’s personal income.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Stunning cream puff studio completely remodeled with brand new floors, brand new kitchen with new appliances and stylish new cabinetry, and new bathroom! Sought-after southern exposure. Experience coastal living in this oceanfront building and don't miss out on this opportunity to get in the shore real estate market and live just steps from the ocean!!! There are 13 monthly condo fee payments a year of $394 each. The assessment fee per month is $96.34 (balance on the assessment if paid in full is $6,300.) There is a storage locker available for purchase by the new owner at a fee of $35 per year. The new owner may also purchase a parking spot (2 spots max if necessary). The fee for an indoor parking spot is $650 per year or the fee for an outdoor parking spot is $460 per year. Unit is available immediately. Cheapest condo available for a luxury oceanfront building!