6800 Royal Palm Blvd APT 302FMargateFL33063
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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 6800 Royal Palm Blvd APT 302F, Margate, FL, 33063 earns $196/mo cash flow from $1,467/mo rent with a $937/mo payment. Total monthly income totals $1,467/mo, and annual cash flow totals $2,358/yr on $63,482 capital. ROI tracks 23.62% on current figures, and rental yield reads 9.19% at a $191,500 purchase. Equity gained on principal adds $1,236/yr, and 5% annual appreciation supports $52,908 over five years. Five-year ROI reaches 123.35% and total cumulative return in cash sums $78,303. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,467/mo property income instead of your personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No 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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