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$42,000
● Condo - Off Market

#205

Margate, FL
bedrooms
1 Bed
bathrooms
2 Baths, 1 Half Bath
square feet
850 Ft²
$74,839
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

GREAT AREA IN SOUTH FL, CLOSE TO ALL MAJOR ROADS ,NICE WELL KEPT COMMUNITY WITH LOTS OF FRIENDLY PEOPLE COMPLEX HAS POOL,TENNIS COURTS,ALSO FULL RECREATION FACILITIES
Unit Size
850 Ft²
Days on Market
-
Land Size
-
Price per sqft
$54
Property Type
Condo
Property Taxes
$68
HOA Dues
$312
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Beaches MLS #F10031790)

Price History

Date / Event Date Event Price
Apr 5, 2017 Sold
Premium
Sold
Sep 20, 2016 Listed by RE/MAX Park Creek Realty Inc $45,900
Listed by RE/MAX Park Creek Realty Inc

Property Highlights

Parking Details
Parking Features: 1 Space
Interior Details
Full Bathrooms: 1
Half Bathrooms: 1
Interior Features: First Floor Entry
Appliances: Dishwasher, Disposal
Flooring Type: Other Floors
Exterior Details
Listing Terms: Conventional
Construction Type: Concrete Block Construction
Exterior Features: None, Other
Financial Details
Total Taxes: $817
Tax Year: 2015
Possession Information: Funding
Utilities Details
Heating Type: Central Heat, Electric Heat
Cooling Type: Central Cooling, Electric Cooling
Location Details
Location: 441 TO ROYAL PALM BLVD GO WEST TO THE 6600 BLOCK COMPLEX WILL BE ON THE LEFT. JUST BEFORE ROCK ISLAND ROAD
Front Exposure: North
Subdivision Complex Building: ROYAL PARK GARDENS
Water Access: None
Waterfront Description: Canal Front
HOA Details
HOA Fee: $312 Monthly

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

Similar Homes for Sale

Currently no similar homes around
BEACHES

Listed by: Wallace Lewis
RE/MAX Park Creek Realty Inc
Last Updated: 3 years ago
Data Source: Beaches MLS, MLS# F10031790
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 2026 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. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
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