873 NW 70th WayMargateFL33063
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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 873 NW 70th Way, Margate, FL, 33063 uses $213,850 cash to close to unlock $2,723/yr annual cash flow and $227/mo monthly cash flow. Total monthly income runs $4,540/mo, and a $3,181/mo payment keeps the spread at $227/mo. Purchase price stands at $649,999, and rental yield measures 8.38% with $4,540/mo rent. Return on cash invested shows 21.33% in year one, and 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 111.03% and total cumulative return in cash records $237,445. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,540/mo property income covering a $3,181/mo payment rather than investor’s personal income.
Single Family
Built in 1973
7,631 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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