164 NW 79th TerMargateFL33063
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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 164 NW 79th Ter, Margate, FL, 33063 generates $4,140/mo in rent and, after a $2,452/mo payment, leaves $815/mo in cash flow. Total monthly income is $4,140/mo, and annual cash flow is $9,785/yr on $164,829 invested. Return on cash invested sits at 26% in year one, and rental yield is 9.92% on a $501,000 entry. Equity gained on principal adds $3,233/yr, while 5% annual appreciation builds toward $138,417 over five years. Five-year ROI reaches 136.06% and total cumulative return in cash sums $224,266. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,140/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
6,502 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 |
|---|---|---|
| 2024-12-18 | Listed for sale | $501,000 |
| 2024-12-08 | Price change | $3,130 |
| 2024-11-04 | Listed for rent | $3,300 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-25 | $4096.64 | 8.83% | $190,240 | 7.89% |
| 2022-12-25 | $3764.36 | 10.63% | $176,320 | 7.80% |
| 2021-12-25 | $3402.71 | 6.38% | $163,560 | 7.14% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1979
- Architectural Style: N/A
- Building Area: 1,821
- Living Area: 1,253 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central
- Cooling: Central Air
- Flooring: N/A
- Interior Features: Pantry, No Additional Rooms
- Exterior Features: Room For Pool
- Parking Features: Driveway, On Street
Location
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: Public Sewer
- Water Source: Municipal Water
- Road Surface Type: Paved Road
School Information
- Elementary School: Morrow
- Middle School: Silver Lks Middle
- High School: Coconut Crk High
Listed by: Jarrell Housey • GK Realty Group
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11709961
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.