609 S State Road 7 APT 1EMargateFL33068
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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 609 S State Road 7 APT 1E, Margate, FL, 33068 offers a 9.45% rental yield on a $112,000 purchase with $882/mo rent. 4% in year one. Equity gained on principal adds $723/yr while 5% annual appreciation supports $30,944 over five years. Portfolio math shows five-year ROI at 57.54% and total cumulative return in cash at $21,363. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $882/mo property income against a $548/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
$370 monthly 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: Augusto Squadrito • United Realty Group Inc
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11699229
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.