9220 Atlantic Ave APT 103MargateNJ08402
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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 Margate at 9220 Atlantic Ave APT 103, Margate, NJ, 08402 offers a 4.03% rental yield on a $1,529,000 purchase with $5,135/mo rent. 41% in year one. Equity gained on principal adds $9,866/yr while 5% annual appreciation supports $422,435 over five years. Portfolio math shows five-year ROI at 31.61% and total cumulative return in cash at $156,608. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,135/mo property income against a $7,484/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
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: PAUL (RANDALL) LEISER • LONG and FOSTER REAL ESTATE INC-Avalon
Mls Name: SJSRMLS
Mls ID: #600225