715 Banks RdMargateFL33063
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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
Rental property for sale in Margate at 715 Banks Rd, Margate, FL, 33063 priced at $315,000 converts $2,708/mo rent into $617/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,708/mo, and annual cash flow totals $7,408/yr on $104,423 invested. Return on cash invested prints 27% in year one, and rental yield reads 10.32% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 141.49% and total cumulative return in cash sums $147,749. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,708/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 1983
2,893 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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