641 SW 50th AveMargateFL33068
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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 641 SW 50th Ave, Margate, FL, 33068 priced at $569,900 pairs $3,461/mo rent with after a $2,789/mo payment. Total monthly income equals $3,461/mo. Return on cash invested is 15.36% in year one, and rental yield stands at 7.29% on a $569,900 basis. Equity gained on principal adds $3,677/yr, and 5% annual appreciation accumulates to $157,453 by year five. Five-year ROI measures 79.94% and total cumulative return in cash reaches $149,886. For financing, Ziffy Mortgage’s DSCR program evaluates $3,461/mo property income against a $2,789/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1976
7,705 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-05-26 | Listed for sale | $569,900 |
| 2025-05-02 | Listing removed | $570,000 |
| 2025-02-03 | Listed for sale | $570,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-26 | $10050.13 | 4.21% | $491,130 | 5.22% |
| 2023-05-26 | $9644.36 | 134.02% | $466,760 | 113.67% |
| 2022-05-26 | $4121.13 | 2.81% | $218,450 | 3.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1976
- Architectural Style: Old Spanish
- Building Area: 1,450
- Living Area: 1,146 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Electric
- Cooling: Central Air, Electric
- Flooring: Marble
- Interior Features: Kitchen Island, Other, Pantry, Walk-In Closet(s)
- Exterior Features: Barbecue, Built-in Barbecue, Lighting, Outdoor Shower
- Parking Features: Driveway
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Municipal Water
- Road Surface Type: Paved Road
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Julieta Flaibani • The Lab Realty Group, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11808947
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.