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$499,000

For Sale - Active
6701 NW 6th St, Margate, FL 33063
3 Beds
2 Baths
1,486 Square Feet
0.18 Acres Lot
Built in 1967
For Sale - Active
Units n/a
Checked: 2 days ago
Updated: Jun 30, 2025 at 03:08AM

Investment Summary


Monthly Cash Flow
-$1,096
Cap Rate
3.5%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.1%

Property Description


0.18 Acres Lot
Built in 1967
For Sale - Active
Units n/a

Discover this beautifully maintained 3-bedroom, 2-bathroom corner-lot home in the heart of Margate! Offering spacious living with room for the whole family, this home seamlessly blends indoor comfort with outdoor enjoyment. The open layout is perfect for entertaining, while the private backyard invites you to relax and soak up the Florida sunshine. Thoughtfully cared for and move-in ready, this property exudes warmth, style, and functionality. Located in a tranquil neighborhood with convenient access to parks, local amenities, and top-rated schools. New roof installed in 2024, new AC unit, impact windows and doors. Don't miss this opportunity to make this exquisite home yours. Act now and experience the Florida lifestyle you've always dreamed of.

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Location


Property Details


Parking

  • Description: Covered, Carport, Driveway
  • Details: Driveway
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 0
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Gable or Hip
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 484136160320
  • Lot Size: 7858 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Detached, OneStory
  • Year Built: 1967

Tax Information

  • Annual Tax: $8,976

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Broward

Listing Details


Listed by:
Donna Barrett
Home Value Realty, LLC
(954) 483-9280

Source:
MIAMI REALTORS MLS
MLS#: A11821645
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$1,096
Cap Rate
3.5%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.1%

Purchase Details

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Purchase price:
$499,000
Amount financed:
-$399,200
Down payment:
$99,800
Closing costs:
$14,970
Rehab costs:
$0
Initial cash invested:
$114,770
Square feet:
1,486
Cost per square foot:
$336
Monthly rent per square foot:
$2.15

Financing Details

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Loan amount:
$399,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,556
Property tax:
$748
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,528

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (23%)
23%-$748-$8,976
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (48%)
48%-$1,548-$18,576

Cash Flow


Monthly Yearly
Net operating income:
$1,460 $17,520
Mortgage payments:
-$2,556 -$30,672
Cash flow:
$1,096 $13,152