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1214 Drexel Ave
B- Composite 69.18
Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +30.0/30.0
  • ARV discount +10.3/15.0
  • DSCR +10.0/10.0
  • 1% rule +8.4/10.0
  • Rent growth +3.9/5.0
  • Livability +2.8/5.0
  • Condition / age +2.5/5.0
  • Schools +1.4/10.0
  • Appreciation +0.0/10.0

$159,900

1214 Drexel Ave · Atlantic City, NJ 08401
2 bd · 1.0 ba · 1,052 sqft · SingleFamily public records · 148 Days on market
Built 1900 Est $170k · 6% under

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Price Reduced!!! Seller Concessions available. First time Home buyers can get up to $50,000 in grant money for this purchase!! Newly & beautifully renovated in January 2026, this property sits on a quite street with an extra wide sidewalk and is easily accesible from Absecon Blvd, Route 30, Atlantic, Pacific, and both Carolina Aves. Some features of this property include low taxes, no HOA fees, no rental restrictions, Vynil plank flooring throughout, an enclosed front porch, a fenced in back yard off the kitchen with a small lean-to shed for storage, plenty of room to park a small vehicle, have a BBQ, fire pit, and/or a garden, a good size living room, a formal dining room, and a kitchen with plenty of room to move around. Upstairs youll find a roomy full bathroom and two nice size bedrooms. These row homes avg about 80+ years old, are full of history, unbelievably well maintained, durable beyond beleif, and the word charming deosn't even begin to scratch it's surface. Located just minutes away from the Absecon Lighthouse, Fishermans Park, the new Uptown Skate Park, Historic Gardner's Basin, the newly renovated AC Aquarium, a brand new mini golf station with bike & surry rentals, the newly redesigned "Inkwell" Caspian Beach with its lifegaruded Comfort Station & Fishing Pier, the Seed Brewery, the Little Water Distillery, Westacunk Axe Throwing, just to name a few of the amenities and activities right at your doorstep in this Mid-Town Local. Whether you prefer taking a leisurely stroll along the beach, biking along the scenic routes, or trying your hand at fishing from one of the many jetties, you'll find it all within easy reach. Spend the day at the AC Aquarium, or enjoy nice restaruants like Gilchrest and Back Bay Ale House. Plus, with convenient access to Jitney and bus services, exploring Atlantic City's vibrant tourism district is a breeze. Enjoy shopping at the Tanger Outlets or visit one of the many Casinos nearby like Ocean, Hardrock / Steel Pier, Showboat / Indoor Island Water Park, Resorts / Margaritaville, Borgata, Harrahs, & Golden Nugget / Farley Marina all within a minutes drive! Don't miss out on the opportunity to make this lovely property your new beach home. Come and experience the charm and convenience in one of Atlantic City's delightful neighborhoods. Buy it now with about 2 Bitcoins or ask us about Hard Money Loans & Private Financing. All standard bank loans are also acceptable as well including FHA, VA, DSCR, and Conventional. First TimeHome Buyers may qualify for up to $50,000.00 in Grant Money towards this purchase, ask us how today & you can own it for far less it would cost to rent it!!!!!!

Key facts

  • Small lean-to shed
  • Extra wide sidewalk
  • Fenced in back yard

Tags

EXTRA WIDE SIDEWALKENCLOSED FRONT PORCHFENCED IN BACK YARDSMALL LEAN-TO SHEDPLENTY OF ROOM TO PARKGOOD SIZE LIVING ROOM

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/1.0-bath single-family listed at $160k.

Deal economics

  • At list price, monthly cash flow is $210 ($3k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $160k).
  • Recommended offer: $141k (12.0% below list) — sets the bar for market timing.
  • Cap rate 11.1% vs local median 3.7% in Atlantic City — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 55/100 on livability (#525 in NJ) — a working-class tenant base; expect higher turnover. Strengths: health & safety A; Watch: commute D, schools F, crime F.
  • Atlantic City School District (urban): math 9% / reading 26% proficiency, ranked #454 of 472 in NJ (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 85% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Market conditions: Rents rising fast (+5.5%/yr); 482 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 672 units permitted in Atlantic County in 2024 (258 in 5+ unit buildings).
  • At $2,144/mo this rent would consume 63% of the median local household income ($41k/yr) (locally 3414% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
  • Atlantic County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
  • At projected returns (-3.0% appreciation + 5.5% rent growth), your $45k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 148 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
  • Current owner paid $98k; list at $160k implies a 63% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: flood insurance adds $427/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
  • Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $140,712 (12.0% below list)

Questions for the listing agent

  1. It's been on market 148 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
  8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
1.34%
Cap rate
11.07%
Cash-on-cash
17.07%
DSCR
1.76
GRM
6.2

CMA / ARV

ARV (on-the-fly)
$170,424
Comps found
12
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
407 N Dr Martin Luther King Blvd 0.35mi 3/1.5 (+1) 1,042 (-1%) 1mo $170,000 $163 74
1522 C Morris Cain Pl 0.25mi 3/1.5 (+1) 1,048 (-0%) 8mo $169,900 $162 74
1441 Caspian Ave 0.25mi 3/1.0 (+1) 1,025 (-3%) 7mo $142,000 $139 73
345 Ocean Ave 0.08mi 3/1.0 (+1) 922 (-12%) 2mo $170,000 $184 69
1810 Bishop Richard Allen Ave 0.46mi 3/1.0 (+1) 1,148 (+9%) 4mo $135,000 $118 55
2021 Grant Ave 0.69mi 3/1.0 (+1) 1,011 (-4%) 4mo $125,000 $124 53
1044 N Ohio Ave 0.66mi 3/1.0 (+1) 1,132 (+8%) 1mo $168,000 $148 51
1007 N Ohio Ave 0.62mi 3/1.0 (+1) 992 (-6%) 8mo $175,000 $176 50
2014 Mckinley 0.70mi 3/1.0 (+1) 1,079 (+3%) 9mo $99,000 $92 50
322 Madison Ave 0.67mi 3/1.5 (+1) 1,104 (+5%) 10mo $228,000 $207 46
110 N Vermont Ave 0.73mi 2/1.5 1,200 (+14%) 2mo $332,500 $277 39
2018 Mckinley Ave 0.71mi 3/1.0 (+1) 1,192 (+13%) 4mo $97,000 $81 37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.52% rent growth · sell at horizon

5-year hold
IRR
-3.9%
Equity multiple
0.85×
Total profit
$-6,689
Equity at exit
$23,842
10-year hold
IRR
9.2%
Equity multiple
1.82×
Total profit
$36,562
Equity at exit
$13,825

Cash invested: $44,772 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
21 Tenant-Leaning
State New Jersey
21 Tenant-Leaning · D+6
County
— inherits STATE
City
— inherits STATE
Anti-eviction Act requires just-cause statewide; rent control in 100+ municipalities; one of the most tenant-friendly states.

ZIP-level market 08401

Home prices YoY
-7.0%
Rents YoY
5.5%
Active inventory
482
Price-to-rent
6.2×

Monthly cashflow live

Estimated rent
$2,144 high interval (Pro) →
Mortgage (P&I)
$839
Tax from tax record
$152 /mo · $1,818/yr
Insurance
$67
Flood insurance flood zone
−$427 /mo · $5,118/yr
HOA
$0
Vacancy / Maint / Mgmt
$450
Net cashflow
$210

Break-even live

Break-even rent $1,878
Max offer price $159,900
Occupancy floor 85%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$39,975
Closing costs
$4,797
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 20 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
31 N Virginia Ave Atlantic City, NJ 3.0 1.0 725 $1,998 $2.76 13d 1 0.35mi
1724 Atlantic Ave Unit A1 Atlantic City, NJ 3.0 1.0 950 $2,300 $2.42 20d 1 0.58mi
1724 Atlantic Ave Unit B2 Atlantic City, NJ 2.0 1.0 750 $1,495 $1.99 20d 1 0.58mi
1916 Magellan Ave Atlantic City, NJ 2.0 1.0 1478 $1,850 $1.25 20d 1 0.60mi
848 Pacific Ave Unit 1014254P Atlantic City, NJ 1.0–2.0 2.0–3.0 1243 $2,413 $1.94 13d 2 0.60mi
905 Keener Ave Atlantic City, NJ 3.0 1.0 1059 $1,900 $1.79 20d 1 0.69mi
2015 Grant Ave Atlantic City, NJ 3.0 1.0 1056 $2,325 $2.20 20d 1 0.70mi
2021 Grant Ave Atlantic City, NJ 3.0 1.0 1011 $2,350 $2.32 20d 1 0.71mi
526 Pacific Ave Atlantic City, NJ 2.0 2.0 1170 $2,400 $2.05 20d 4 0.71mi
351 N New Hampshire Ave Atlantic City, NJ 2.0 2.0 972 $1,948 $2.00 13d 3 0.82mi
4 Italy Ter Atlantic City, NJ 3.0 1.0 1000 $2,300 $2.30 20d 1 0.87mi
122 Dewey Pl Atlantic City, NJ 3.0 1.0 1250 $2,700 $2.16 20d 1 0.98mi
101 Boardwalk Atlantic City, NJ 2.0 1.0 645 $2,700 $4.18 13d 3 1.02mi
1510 N Arkansas Ave Atlantic City, NJ 3.0 2.0 1008 $2,750 $2.73 13d 1 1.08mi
1523 N Arkansas Ave Atlantic City, NJ 3.0 2.0 984 $2,500 $2.54 20d 1 1.11mi
1532 Emerson Pl Fl Front Atlantic City, NJ 3.0 2.0 1200 $2,400 $2.00 13d 1 1.13mi
2834 Atlantic Ave Atlantic City, NJ 1.0 1.0 823 $1,688 $2.05 13d 3 1.32mi
1914 N Missouri Ave Atlantic City, NJ 2.0 1.0 750 $1,795 $2.39 20d 1 1.42mi
100 N Chelsea Ave Unit 1 Atlantic City, NJ 3.0 1.0 1200 $15,000 $12.50 20d 1 1.44mi
3101 Boardwalk Unit 1110-2 Atlantic City, NJ 1.0 1.5 872 $14,500 $16.63 20d 1 1.49mi

Listing history 22 events

  1. 2026-06-19
    days on market $159,900 Active 148 DOM
  2. 2026-06-18
    days on market $159,900 Active 147 DOM
  3. 2026-06-17
    days on market $159,900 Active 146 DOM
  4. 2026-06-16
    days on market $159,900 Active 145 DOM
  5. 2026-06-15
    days on market $159,900 Active 144 DOM
  6. 2026-06-14
    days on market $159,900 Active 142 DOM
  7. 2026-06-13
    days on market $159,900 Active 141 DOM
  8. 2026-06-10
    days on market $159,900 Active 139 DOM
  9. 2026-06-09
    days on market $159,900 Active 138 DOM
  10. 2026-06-08
    days on market $159,900 Active 137 DOM
  11. 2026-06-07
    days on market $159,900 Active 136 DOM
  12. 2026-06-02
    days on market $159,900 Active 131 DOM
  13. 2026-06-01
    days on market $159,900 Active 130 DOM
  14. 2026-05-31
    days on market $159,900 Active 129 DOM
  15. 2026-05-30
    days on market $159,900 Active 128 DOM
  16. 2026-04-21
    price $159,900 2711-char remark
    Show marketing remark (2711 chars)

    Price Reduced!!! Seller Concessions available. First time Home buyers can get up to $50,000 in grant money for this purchase!! Newly & beautifully renovated in January 2026, this property sits on a quite street with an extra wide sidewalk and is easily accesible from Absecon Blvd, Route 30, Atlantic, Pacific, and both Carolina Aves. Some features of this property include low taxes, no HOA fees, no rental restrictions, Vynil plank flooring throughout, an enclosed front porch, a fenced in back yard off the kitchen with a small lean-to shed for storage, plenty of room to park a small vehicle, have a BBQ, fire pit, and/or a garden, a good size living room, a formal dining room, and a kitchen with plenty of room to move around. Upstairs youll find a roomy full bathroom and two nice size bedrooms. These row homes avg about 80+ years old, are full of history, unbelievably well maintained, durable beyond beleif, and the word charming deosn't even begin to scratch it's surface. Located just minutes away from the Absecon Lighthouse, Fishermans Park, the new Uptown Skate Park, Historic Gardner's Basin, the newly renovated AC Aquarium, a brand new mini golf station with bike & surry rentals, the newly redesigned "Inkwell" Caspian Beach with its lifegaruded Comfort Station & Fishing Pier, the Seed Brewery, the Little Water Distillery, Westacunk Axe Throwing, just to name a few of the amenities and activities right at your doorstep in this Mid-Town Local. Whether you prefer taking a leisurely stroll along the beach, biking along the scenic routes, or trying your hand at fishing from one of the many jetties, you'll find it all within easy reach. Spend the day at the AC Aquarium, or enjoy nice restaruants like Gilchrest and Back Bay Ale House. Plus, with convenient access to Jitney and bus services, exploring Atlantic City's vibrant tourism district is a breeze. Enjoy shopping at the Tanger Outlets or visit one of the many Casinos nearby like Ocean, Hardrock / Steel Pier, Showboat / Indoor Island Water Park, Resorts / Margaritaville, Borgata, Harrahs, & Golden Nugget / Farley Marina all within a minutes drive! Don't miss out on the opportunity to make this lovely property your new beach home. Come and experience the charm and convenience in one of Atlantic City's delightful neighborhoods. Buy it now with about 2 Bitcoins or ask us about Hard Money Loans & Private Financing. All standard bank loans are also acceptable as well including FHA, VA, DSCR, and Conventional. First TimeHome Buyers may qualify for up to $50,000.00 in Grant Money towards this purchase, ask us how today & you can own it for far less it would cost to rent it!!!!!!

  17. 2026-03-03
    price $179,000 2711-char remark
    Show marketing remark (2711 chars)

    Price Reduced!!! Seller Concessions available. First time Home buyers can get up to $50,000 in grant money for this purchase!! Newly & beautifully renovated in January 2026, this property sits on a quite street with an extra wide sidewalk and is easily accesible from Absecon Blvd, Route 30, Atlantic, Pacific, and both Carolina Aves. Some features of this property include low taxes, no HOA fees, no rental restrictions, Vynil plank flooring throughout, an enclosed front porch, a fenced in back yard off the kitchen with a small lean-to shed for storage, plenty of room to park a small vehicle, have a BBQ, fire pit, and/or a garden, a good size living room, a formal dining room, and a kitchen with plenty of room to move around. Upstairs youll find a roomy full bathroom and two nice size bedrooms. These row homes avg about 80+ years old, are full of history, unbelievably well maintained, durable beyond beleif, and the word charming deosn't even begin to scratch it's surface. Located just minutes away from the Absecon Lighthouse, Fishermans Park, the new Uptown Skate Park, Historic Gardner's Basin, the newly renovated AC Aquarium, a brand new mini golf station with bike & surry rentals, the newly redesigned "Inkwell" Caspian Beach with its lifegaruded Comfort Station & Fishing Pier, the Seed Brewery, the Little Water Distillery, Westacunk Axe Throwing, just to name a few of the amenities and activities right at your doorstep in this Mid-Town Local. Whether you prefer taking a leisurely stroll along the beach, biking along the scenic routes, or trying your hand at fishing from one of the many jetties, you'll find it all within easy reach. Spend the day at the AC Aquarium, or enjoy nice restaruants like Gilchrest and Back Bay Ale House. Plus, with convenient access to Jitney and bus services, exploring Atlantic City's vibrant tourism district is a breeze. Enjoy shopping at the Tanger Outlets or visit one of the many Casinos nearby like Ocean, Hardrock / Steel Pier, Showboat / Indoor Island Water Park, Resorts / Margaritaville, Borgata, Harrahs, & Golden Nugget / Farley Marina all within a minutes drive! Don't miss out on the opportunity to make this lovely property your new beach home. Come and experience the charm and convenience in one of Atlantic City's delightful neighborhoods. Buy it now with about 2 Bitcoins or ask us about Hard Money Loans & Private Financing. All standard bank loans are also acceptable as well including FHA, VA, DSCR, and Conventional. First TimeHome Buyers may qualify for up to $50,000.00 in Grant Money towards this purchase, ask us how today & you can own it for far less it would cost to rent it!!!!!!

  18. 2026-01-22
    listed $199,000 Active 2711-char remark
    Show marketing remark (2711 chars)

    Price Reduced!!! Seller Concessions available. First time Home buyers can get up to $50,000 in grant money for this purchase!! Newly & beautifully renovated in January 2026, this property sits on a quite street with an extra wide sidewalk and is easily accesible from Absecon Blvd, Route 30, Atlantic, Pacific, and both Carolina Aves. Some features of this property include low taxes, no HOA fees, no rental restrictions, Vynil plank flooring throughout, an enclosed front porch, a fenced in back yard off the kitchen with a small lean-to shed for storage, plenty of room to park a small vehicle, have a BBQ, fire pit, and/or a garden, a good size living room, a formal dining room, and a kitchen with plenty of room to move around. Upstairs youll find a roomy full bathroom and two nice size bedrooms. These row homes avg about 80+ years old, are full of history, unbelievably well maintained, durable beyond beleif, and the word charming deosn't even begin to scratch it's surface. Located just minutes away from the Absecon Lighthouse, Fishermans Park, the new Uptown Skate Park, Historic Gardner's Basin, the newly renovated AC Aquarium, a brand new mini golf station with bike & surry rentals, the newly redesigned "Inkwell" Caspian Beach with its lifegaruded Comfort Station & Fishing Pier, the Seed Brewery, the Little Water Distillery, Westacunk Axe Throwing, just to name a few of the amenities and activities right at your doorstep in this Mid-Town Local. Whether you prefer taking a leisurely stroll along the beach, biking along the scenic routes, or trying your hand at fishing from one of the many jetties, you'll find it all within easy reach. Spend the day at the AC Aquarium, or enjoy nice restaruants like Gilchrest and Back Bay Ale House. Plus, with convenient access to Jitney and bus services, exploring Atlantic City's vibrant tourism district is a breeze. Enjoy shopping at the Tanger Outlets or visit one of the many Casinos nearby like Ocean, Hardrock / Steel Pier, Showboat / Indoor Island Water Park, Resorts / Margaritaville, Borgata, Harrahs, & Golden Nugget / Farley Marina all within a minutes drive! Don't miss out on the opportunity to make this lovely property your new beach home. Come and experience the charm and convenience in one of Atlantic City's delightful neighborhoods. Buy it now with about 2 Bitcoins or ask us about Hard Money Loans & Private Financing. All standard bank loans are also acceptable as well including FHA, VA, DSCR, and Conventional. First TimeHome Buyers may qualify for up to $50,000.00 in Grant Money towards this purchase, ask us how today & you can own it for far less it would cost to rent it!!!!!!

  19. 2006-02-10
    soldstatus $98,000
  20. 2003-10-06
    soldstatus $40,000
  21. 1994-04-26
    soldstatus $36,500
  22. 1990-09-25
    soldstatus $25,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NJ · Partial reset (capped growth)

Current annual tax
$1,818 · $152/mo
Projected year-2 tax
$2,900 · $242/mo
Expected delta
+$1,082/yr (+$90/mo · 59.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

  • 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 9/10 Extreme 7 d/yr ≥94°F today · 17 d/yr by 30 yrs out
  • 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
  • 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$25,722
− Mortgage interest
−$8,957
− Property taxes
−$1,818
− Insurance
−$5,918
− Repairs & maintenance
−$2,058
− Management
−$2,058
− Depreciation
−$4,652
Taxable income
$262
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$63
After-tax cash flow
$2,459/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

District
Atlantic City School District
NCES district ID
3400960
Math proficiency
9% ▼ -12.00%
Reading proficiency
26% ▼ -6.00%
Median HH income
$27,842
Composite
13.66/100
National rank
#9504
State rank
#454 of 472 in NJ

Livability — Atlantic City

Score
55/100
State rank
#525
US rank
#23095

Category grades

Amenities F Commute D Cost of living B- Crime F Employment F Housing F Health & safety A User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Atlantic City, NJ
County
Atlantic County · 143,611 people
City population
38,925
Metro
Atlantic City-Hammonton, NJ
Population (ZIP)
38,925
Household income
$41,126
Rent vs Own
69.8% rent · 30.2% own
Severe rent burden
3414.0

Population outlook (Atlantic County) Hauer SSP2

Today (2025)
268,948 people
By 2030
264,497 · -1.7%
By 2040
252,261 · -6.2%
By 2050
237,846 · -11.6%
By 2075
210,650 · -21.7%
By 2100
180,234 · -33.0%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Highly diverse neighborhood (Simpson 0.75)
Race & ethnicity
Hispanic / Latino 32% Black 32% Asian 16% White 16% Two or more races 11% Native American 2%
Hispanic origin (detail)
Mexican 10% Puerto Rican 8% Dominican 8%
Common ancestry
Romanian 1% Scotch-Irish 1%
Foreign-born
29% · Canada, Vietnam, Jamaica
Languages at home
52% English-only · Spanish 30% Other Indo-European 8% Vietnamese 3%

Political lean MEDSL · Atlantic

2024 margin
Toss-up / Even · D 47.7% · R 50.7% · Other 1.6%
2008→2024 swing
-18.1pp toward R · 2008: 15.1pp · 2024: -3.0pp
All cycles
2024: R+3.0 2020: D+6.7 2016: D+6.2 2012: D+17.2 2008: D+15.1

Not yet ingested

Civics

Market trends

HPI YoY
▼ -26.82%
Current HPI
353.7827
Rent YoY
▲ 5.52%
Metro
Atlantic City-Hammonton, NJ
State GDP YoY
▲ 2.05%
F500 in state
34

Industry mix (Fortune 500 HQ in NJ)

Industry F500 HQs Revenue

Price history

+539.6% since first listed
7 events — show timeline
  • 2026-04-21 Price Changed $159,900 SJSRMLS
  • 2026-03-03 Price Changed $179,000 SJSRMLS
  • 2026-01-22 Listed $199,000 SJSRMLS
  • 2006-02-10 Sold (Public Records) $98,000 Public Records
  • 2003-10-06 Sold (Public Records) $40,000 Public Records
  • 1994-04-26 Sold (Public Records) $36,500 Public Records
  • 1990-09-25 Sold (Public Records) $25,000 Public Records

Property tax history

-6.2%/yr

Latest (2025): $1,818 · -58.5% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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