7320 Lake Circle Dr #101MargateFL33063
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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 7320 Lake Circle Dr #101, Margate, FL, 33063 uses $60,002 cash to close to unlock $1,893/yr annual cash flow and $158/mo monthly cash flow. Total monthly income runs $1,359/mo, and a $886/mo payment keeps the spread at $158/mo. Purchase price stands at $181,000, and rental yield measures 9.01% with $1,359/mo rent. Return on cash invested shows 23.06% in year one, and 5% annual appreciation builds toward $50,007 over five years. Five-year ROI reaches 120.37% and total cumulative return in cash records $72,223. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,359/mo property income covering a $886/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A 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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