5800 Margate Blvd #814-8MargateFL33063
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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
Investment property for sale in Margate at 5800 Margate Blvd #814-8, Margate, FL, 33063 uses $33,150 cash to close to unlock $6,873/yr annual cash flow and $573/mo monthly cash flow. Total monthly income runs $1,862/mo, and a $489/mo payment keeps the spread at $573/mo. Purchase price stands at $100,000, and rental yield measures 22.34% with $1,862/mo rent. Return on cash invested shows 40.64% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 222.85% and total cumulative return in cash records $73,876. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,862/mo property income covering a $489/mo payment rather than investor’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
$518 monthly 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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Listed by: Santosh Sthapit • The Keyes Company
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11820393
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.