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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Margate at 7664 NW 18th St APT 305, Margate, FL, 33063 offers a 17.82% rental yield on a $230,000 purchase with $3,415/mo rent. Total monthly income registers $3,415/mo, and a $1,126/mo payment leaves $1,268/mo available for distribution. Annual cash flow reaches $15,221/yr on $76,245 to close, and return on cash invested stands at 39.87% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 214.06% and total cumulative return in cash at $163,207. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,415/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1980
1,100 sqft lot
$N/A/sqft
$620 monthly HOA
Neighborhood data shown for ZIP Code: 33063, Pompano Beach, FL area.
| 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 |
Residential
24,659
Single Family
15,663
Multi-Family
8,996
Businesses
1,414
Date | Event | Price |
|---|---|---|
| 2024-08-14 | Price change | $230,000 |
| 2024-02-01 | Listed for sale | $245,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-02 | $475.10 | 3.74% | $45,000 | 3.00% |
| 2022-09-02 | $457.99 | 2.22% | $43,690 | 2.99% |
| 2021-09-02 | $448.06 | 1.34% | $42,420 | 1.39% |
Listed by: Diego Aguirre • Partnership Realty Inc.
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10955459
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.
