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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Margate City at 9315 Atlantic Ave APT 21, Margate City, NJ, 08402 generates $1,831/mo in rent, after a $2,198/mo payment. Total monthly income is $1,831/mo. Return on cash invested sits at 8.87% in year one, and rental yield is 4.89% on a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 44.87% and total cumulative return in cash sums $66,784. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,831/mo property income rather than buyer’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08402, Margate City, NJ area.
| 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 |
Residential
6,339
Single Family
5,112
Multi-Family
1,227
Businesses
256
Date | Event | Price |
|---|---|---|
| 2025-09-13 | Listed for sale | $449,000 |
| 2021-03-24 | Listing removed | N/A |
| 2020-07-15 | Listing removed | $185,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: ERIC MILLSTEIN • Soleil Sotheby's International Realty - A
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #600389
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. 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.
