1421 E River DrMargateFL33063
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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 1421 E River Dr, Margate, FL, 33063 with 5% annual appreciation on a $391,600 basis while $3,798/mo rent supports operations. Total monthly income totals $3,798/mo and a $1,917/mo payment preserves $1,096/mo for cash returns. Annual cash flow comes to $13,154/yr on $129,815 deployed, and return on cash invested reaches 30.04% in year one. Equity gained on principal adds $2,527/yr, and five-year appreciation sums $108,192 alongside rental yield of 11.64%. Five-year ROI measures 158.14% and total cumulative return in cash totals $205,291.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,798/mo property income versus a $1,917/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
7,501 sqft lot
$N/A/sqft
No HOA
More details about the property
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 |
|---|---|---|
| 2025-08-25 | Listing removed | $400,000 |
| 2025-07-30 | Listed for sale | $400,000 |
| 2025-07-15 | Pending sale | $400,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $4717.14 | 2.11% | $245,780 | 3.00% |
| 2023-10-23 | $4619.88 | 4.78% | $238,630 | 3.00% |
| 2022-10-23 | $4409.18 | 2.79% | $231,680 | 3.00% |
Nearby investment properties with comparable rents
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1958
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 1,503 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Wall
- Cooling: Wall
- Flooring: Tile
- Interior Features: First Floor Entry
- Exterior Features: Other
- Parking Features: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A