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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Margate at 6950 NW 16th Ct, Margate, FL, 33063 generates $3,115/mo in rent and, after a $1,955/mo payment, leaves $315/mo in cash flow. Total monthly income is $3,115/mo, and annual cash flow is $3,775/yr on $132,434 invested. Return on cash invested sits at 22.76% in year one, and rental yield is 9.36% on a $399,500 entry. Equity gained on principal adds $2,578/yr, while 5% annual appreciation builds toward $110,374 over five years. Five-year ROI reaches 119.22% and total cumulative return in cash sums $157,887. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,115/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
5,578 sqft lot
$N/A/sqft
$113 monthly HOA
Neighborhood data shown for ZIP Code: 33063, Pompano Beach, FL area.
| 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 |
Residential
24,659
Single Family
15,663
Multi-Family
8,996
Businesses
1,414
Date | Event | Price |
|---|---|---|
| 2025-02-09 | Listed for sale | $399,500 |
| 2023-09-13 | Sold | $310,000 |
| 2023-07-29 | Listed for sale | $320,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $3995.44 | 164.05% | $239,320 | 145.28% |
| 2023-02-13 | $1513.12 | -61.77% | $97,570 | 3.00% |
| 2022-02-13 | $3958.00 | 1.21% | $94,730 | 2.99% |
Listed by: Elizabeth Londono • La Rosa Realty Beaches LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10485535
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
