1402 NW 80th Ave APT 302, Margate, FL, 33063 | $1,120/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1402 NW 80th Ave APT 302, Margate, FL, 33063 | $1,120/mo Cash Flow | Ziffy

Sold

Ziffy Mortgage

NMLS #2625701

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Investment Highlights

Investment property for sale in Margate at 1402 NW 80th Ave APT 302, Margate, FL, 33063 uses $49,692 cash to close to unlock $13,439/yr annual cash flow and $1,120/mo monthly cash flow. Total monthly income runs $2,531/mo, and a $734/mo payment keeps the spread at $1,120/mo. Purchase price stands at $149,900, and rental yield measures 20.26% with $2,531/mo rent. Return on cash invested shows 46.95% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 252.09% and total cumulative return in cash records $125,267. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,531/mo property income covering a $734/mo payment rather than investor’s personal income.

Condo

Built in 1974

N/A lot

$N/A/sqft

$416 monthly HOA

More details about the property

WELCOME HOME TO MARGATES ONLY 5 STORY BOUTIQUE BUILDING LOCATE JUST OFF THE ORIOLE GOLF COURSE. THIS UNIT FEATURES LARGE ROOMS & WALK IN CLOSETS,AN ENCLOSED FLORIDA ROOM FOR ADDEED LIVING SPACE & YEAR ROUND ENJOYMENT WITH AN EXTRA STORAGE ROOM. LARGE KITCHEN, LAMINATE WOOD WFLOORS THROUGHOUT THE UNIT. ENJOY THE TROPICAL SETTING OF THE HEATED POOL. THE ASSOCIATION REPRESENTS ITSELF AS AN HOPA COMMUNTY (55+). NO LEASING ALLOWED.

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

Price History

Date	Event	Price
2024-08-26	Price change	$149,900
2024-04-03	Listed for sale	$164,900
2001-07-03	Sold	$35,000

Ziffy Mortgage

NMLS #2625701

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Facts & Features

General Information

Type: Condo
Year Built: 1974
Architectural Style: N/A
Building Area: 1,142
Living Area: 1,142 sqft
Property Condition: N/A

Features & Amenities

Heating: Central, Electric
Cooling: Central Air, Electric
Flooring: Wood
Interior Features: Split Bedroom, Walk-In Closet(s)
Exterior Features: Exterior Cat Walk, Other
Parking Features: 1 Space, Assigned, Guest, No Rv/Boats, No Trucks/Trailers

Location

City: Margate
State: FL
Subdivision: Continental Village Condo
Lot Size: N/A
Lot Features: N/A
View: Garden, Water

HOA & Fees

HOA Fee: $416 monthly
Association Fee: $416 monthly
Fees & Dues: N/A
Association Amenities: Cabana, Laundry, Community Room, Elevator(s), Heated Pool, Trash Chute
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: N/A
Water Source: N/A
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: Scott Stiepleman • The Keyes Company

Mls Name: MIAMI

Mls Provider: Mls

Mls ID: #A11562440

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.

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

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Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
2023-09-02	$403.07	5.19%	$29,680	2.98%
2022-09-02	$383.18	4.85%	$28,820	2.97%
2021-09-02	$365.45	2.36%	$27,990	1.38%