420 SW 62nd AveMargateFL33068
Nearby investment properties with comparable rents
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 420 SW 62nd Ave, Margate, FL, 33068 earns $533/mo cash flow from $3,791/mo rent with a $2,403/mo payment. Total monthly income totals $3,791/mo, and annual cash flow totals $6,396/yr on $162,733 capital. ROI tracks 23.84% on current figures, and rental yield reads 9.27% at a $490,900 purchase. Equity gained on principal adds $3,168/yr, and 5% annual appreciation supports $135,627 over five years. Five-year ROI reaches 124.53% and total cumulative return in cash sums $202,651. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,791/mo property income instead of your personal income.
Single Family
Built in 1973
8,248 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices