513 N Harrisburg 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 513 N Harrisburg Ave, Atlantic City, NJ, 08401 with 5% annual appreciation on a $288,000 basis while $2,381/mo rent supports operations. Total monthly income totals $2,381/mo and a $1,410/mo payment preserves $328/mo for cash returns. Annual cash flow comes to $3,934/yr on $95,472 deployed, and return on cash invested reaches 24.03% in year one. Equity gained on principal adds $1,858/yr, and five-year appreciation sums $79,569 alongside rental yield of 9.92%. Five-year ROI measures 126.17% and total cumulative return in cash totals $120,456.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,381/mo property income versus a $1,410/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
1,800 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: CASSANDRA HOWIE • NEW ERA REAL ESTATE-B
Mls Name: SJSRMLS
Mls ID: #598472