6998 Charlotte 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 6998 Charlotte Ct, Margate, FL, 33063 at $580,000 posts ROI 29.58% with $1,514/mo cash flow from $5,773/mo rent. Total monthly income equals $5,773/mo, and annual cash flow records $18,166/yr on $190,820 to close. Return on cash invested measures 29.58% and rental yield reads 11.94% at the current $580,000. Equity gained on principal adds $3,743/yr, and 5% annual appreciation supports $160,243 by year five. Five-year ROI prints 156.2% and total cumulative return in cash totals $298,053.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,773/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1993
4,971 sqft lot
$N/A/sqft
$415 quarterly 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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Listed by: Laura Fiermonte • Keller Williams Realty Consult
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10455764
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 2024 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.