9010 Atlantic Ave APT 202Margate CityNJ08402
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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 Margate City at 9010 Atlantic Ave APT 202, Margate City, NJ, 08402 generates $3,177/mo in rent, after a $1,904/mo payment. Total monthly income is $3,177/mo. Return on cash invested sits at 19.65% in year one, and rental yield is 9.8% on a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 104.16% and total cumulative return in cash sums $134,322. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,177/mo property income rather than buyer’s personal income.
Condo
Built in 1955
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08402, Margate City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,128 (100%) |
| Owner Occupied HU | 2,137 (30.0%) |
| Renter Occupied HU | 564 ( 7.9%) |
| Vacant Housing Units | 4,427 (62.1%) |
| Median Home Value | $680,658 |
| Average Home Value | $823,466 |
Housing Distribution
Address Breakdown
Residential
6,339
Single Family
5,112
Multi-Family
1,227
Businesses
256
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Listed by: Dan Stecher • Marketplace Realty
Mls Name: Bright MLS
Mls Provider:
Mls ID: #NJAC2013986
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