9105-42 Atlantic AveMargate CityNJ08402
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 9105-42 Atlantic Ave, Margate City, NJ, 08402 in Margate City clears it at 1.58, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 8.51%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $60,782; $2,026/yr in principal equity; total projected return: $83,834.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.2% |
| Monthly Cash Flow | $(153) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,560 |
| Total Monthly Debt Service | $1,481 |
| DSCR Ratio | 1.05x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1952
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
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
Condo
Built in 1952
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maryann Merlino • Home & Suite Realty
Mls Name: Bright MLS
Mls ID: #NJAC2022936