399 SW 64th TerMargateFL33068
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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 399 SW 64th Ter, Margate, FL, 33068 priced at $425,900 converts $6,480/mo rent into $3,389/mo cash flow after a $2,085/mo obligation. Total monthly income equals $6,480/mo, and annual cash flow totals $40,666/yr on $141,186 invested. Return on cash invested prints 48.71% in year one, and rental yield reads 18.26% against a $425,900 entry. Equity gained on principal adds $2,748/yr, while 5% annual appreciation compiles into $117,668 by year five. Five-year ROI reaches 258.7% and total cumulative return in cash sums $365,243. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,480/mo property income covering a $2,085/mo payment, not borrower’s personal income.
Single Family
Built in 1972
8,370 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33068, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,276 (100%) |
| Owner Occupied HU | 10,191 (55.8%) |
| Renter Occupied HU | 7,006 (38.3%) |
| Vacant Housing Units | 1,079 ( 5.9%) |
| Median Home Value | $351,558 |
| Average Home Value | $407,427 |
Housing Distribution
Address Breakdown
Residential
18,138
Single Family
12,286
Multi-Family
5,852
Businesses
556
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Listed by: Rottem Tal-shahar • Old RE Property Solutions, LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10450244
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.