6990 NW 23rd StMargateFL33063
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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 6990 NW 23rd St, Margate, FL, 33063 listed at $524,200 pairs $3,958/mo rent with a $2,566/mo payment to leave $155/mo cash flow. Total monthly income runs $3,958/mo, and annual cash flow reaches $1,859/yr on $172,462 cash to close. Return on cash invested measures 21.14% in year one, and rental yield registers 9.06% at a $524,200 basis. Equity gained on principal adds $3,383/yr, and annual property appreciation at 5% supports $144,827 by year five. Five-year ROI tracks 110.81% and total cumulative return in cash totals $191,098. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,958/mo property income relative to a $2,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1981
7,506 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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