1380 NW 70th TerMargateFL33063
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
Investment Highlights
Investment property for sale in Margate at 1380 NW 70th Ter, Margate, FL, 33063 uses $119,340 cash to close to unlock $4,722/yr annual cash flow and $394/mo monthly cash flow. Total monthly income runs $3,101/mo, and a $1,762/mo payment keeps the spread at $394/mo. Purchase price stands at $360,000, and rental yield measures 10.34% with $3,101/mo rent. Return on cash invested shows 23.87% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 125.82% and total cumulative return in cash records $150,153. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,101/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1972
5,400 sqft lot
$N/A/sqft
$104 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33063, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,056 (100%) |
| Owner Occupied HU | 16,872 (64.8%) |
| Renter Occupied HU | 7,163 (27.5%) |
| Vacant Housing Units | 2,021 ( 7.8%) |
| Median Home Value | $373,620 |
| Average Home Value | $403,237 |
Housing Distribution
Address Breakdown
Residential
24,659
Single Family
15,663
Multi-Family
8,996
Businesses
1,414
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melecia Johnson • Damelecia, Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11854954
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.