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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Margate at 350 E Laurel Dr APT 7F, Margate, FL, 33063 listed at $120,000 pairs $3,803/mo rent with a $587/mo payment to leave $2,462/mo cash flow. Total monthly income runs $3,803/mo, and annual cash flow reaches $29,544/yr on $39,780 cash to close. Return on cash invested measures 94.18% in year one, and rental yield registers 38.03% at a $120,000 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,154 by year five. Five-year ROI tracks 507.62% and total cumulative return in cash totals $201,931. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,803/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
N/A lot
$N/A/sqft
$545 monthly HOA
Neighborhood data shown for ZIP Code: 33063, Pompano Beach, FL area.
| 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 |
Residential
24,659
Single Family
15,663
Multi-Family
8,996
Businesses
1,414
Date | Event | Price |
|---|---|---|
| 2024-07-11 | Listed for sale | $120,000 |
| 2004-06-03 | Sold | $110,000 |
| 1995-08-05 | Sold | $37,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-03 | $552.85 | 4.93% | $36,480 | 2.99% |
| 2022-09-03 | $526.87 | 4.24% | $35,420 | 3.00% |
| 2021-09-03 | $505.46 | 2.14% | $34,390 | 1.39% |
Listed by: Mitchell Smith • Keller Williams Realty Services
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10450491
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
