6953 Columbia CtMargateFL33063
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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 6953 Columbia Ct, Margate, FL, 33063 uses $245,105 cash to close to unlock $966/yr annual cash flow and $80/mo monthly cash flow. Total monthly income runs $5,024/mo, and a $3,646/mo payment keeps the spread at $80/mo. Purchase price stands at $745,000, and rental yield measures 8.09% with $5,024/mo rent. Return on cash invested shows 20.45% in year one, and 5% annual appreciation builds toward $205,830 over five years. Five-year ROI reaches 106.33% and total cumulative return in cash records $260,612. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,024/mo property income covering a $3,646/mo payment rather than investor’s personal income.
Single Family
Built in 1993
7,494 sqft 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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