7610 NW 18th St APT 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
Rental property for sale in Margate at 7610 NW 18th St APT 101, Margate, FL, 33063 generates $3,238/mo in rent and, after a $964/mo payment, leaves $1,304/mo in cash flow. Total monthly income is $3,238/mo, and annual cash flow is $15,649/yr on $65,268 invested. Return on cash invested sits at 43.89% in year one, and rental yield is 19.74% on a $196,888 entry. Equity gained on principal adds $1,270/yr, while 5% annual appreciation builds toward $54,397 over five years. Five-year ROI reaches 236.26% and total cumulative return in cash sums $154,203. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,238/mo property income rather than buyer’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
$627 monthly 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: Enrique Betancourt • Gilvan Realty Corp
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11627482
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.