7708 Margate Boulevard #C8-7MargateFL33063
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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 7708 Margate Boulevard #C8-7, Margate, FL, 33063 generates $1,649/mo in rent, after a $1,142/mo payment. Total monthly income is $1,649/mo. Return on cash invested sits at 18.37% in year one, and rental yield is 8.48% on a $233,330 entry. Equity gained on principal adds $1,506/yr, while 5% annual appreciation builds toward $64,465 over five years. Five-year ROI reaches 96.29% and total cumulative return in cash sums $74,480. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,649/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
2,640 sqft lot
$N/A/sqft
$200 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: Jeffrey S Siperstein • Rahman Realty
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11102197
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 2025 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.