1500 W River DrMargateFL33063
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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
Rental property for sale in Margate at 1500 W River Dr, Margate, FL, 33063 priced at $539,000 pairs $4,849/mo rent with $1,272/mo cash flow after a $2,638/mo payment. Total monthly income equals $4,849/mo, and annual cash flow comes to $15,267/yr on $177,331 invested. Return on cash invested is 28.67% in year one, and rental yield stands at 10.8% on a $539,000 basis. Equity gained on principal adds $3,478/yr, and 5% annual appreciation accumulates to $148,916 by year five. Five-year ROI measures 150.39% and total cumulative return in cash reaches $266,688. For financing, Ziffy Mortgage’s DSCR program evaluates $4,849/mo property income against a $2,638/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
10,123 sqft lot
$N/A/sqft
No 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
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