526 Pacific Ave APT 1004Atlantic 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 526 Pacific Ave APT 1004, Atlantic City, NJ, 08401 uses $89,505 cash to close to unlock $8,700/yr annual cash flow and $725/mo monthly cash flow. Total monthly income runs $2,650/mo, and a $1,322/mo payment keeps the spread at $725/mo. Purchase price stands at $270,000, and rental yield measures 11.78% with $2,650/mo rent. Return on cash invested shows 29.63% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 156.19% and total cumulative return in cash records $139,801. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,650/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Condo
Built in 1988
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: Silvette Rivera • WEICHERT REALTORS ASBURY GROUP-AC
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #580956
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. 2024 South Jersey Shore Regional Multiple Listing Service. All rights reserved.