6615 NW 48th Mnr Coral Springs, FL 33067

4 beds · 2 baths · 2,136 sq ft · Lot Size: 8,791 sq ft · Single Family Home · Butler Farms
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High Demand Long-Term RentalValued below Market MedianOwned for 15 - 25 YearsOwner Age 45 - 55

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6615 NW 48th Mnr is in the Butler Farms neighborhood of Coral Springs, FL. It is located in Broward County and ZIP code 33067. This Single Family Home was built in 1985 and is approximately 40 years old. The single family home spans 2136 sq ft with 4 bedrooms and 2 bathrooms and sits on a 8791 sq ft lot. According to public records, it was last sold in 2004 for $287,000. The Butler Farms area of Coral Springs has 663 residential homes. Analyze and compare real estate investment strategies for properties like this home at 6615 NW 48th Mnr Coral Springs, FL 33067 with Property Intel by Whitepages.

Investment Potential for 6615 NW 48th Mnr

The property has a current estimated value of $580,075, which is 19% below the neighborhood median, based on public records. It last sold on March 25, 2004 for $287K. Projected long-term
is $48,000 annually ($4,000 per month) with a 95% occupancy rate.

Long-Term

Gross Rental
$48,000 per year($4,000 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
95%in 33067 zip code
 
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Owners & Occupancy for 6615 NW 48th Mnr

This property is owned by Marlow G Perkins. Owner contact information includes 6 phone numbers and 2 email addresses.

Property Owners

Cell Phone(954) ***-****
Residence************
Landline(954) 344-1717+ 4 more
Distance from Property**********
Email Address********@bellsouth.net
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Property Ownership Information

Purchase DateMarch 25, 2004
Property Tax Amount$11,175 in 2023
Purchase Price$287,000

Occupancy

Resident 1*************
Resident 2*****************

Property Details for 6615 NW 48th Mnr

Property Details

Property Sq Ft

Living Area

2,136 sq ft

Compare to Butler Farms

Lot Size

8,791 sq ft

Compare to Butler Farms

Price Per Sq Ft

Living Area

$272 / sq ft

Compare to Butler Farms

Lot Size Area

$66 / sq ft

Compare to Butler Farms
Compare to Neighborhood Median
Property condition, age, exterior, etc. for 6615 NW 48…
Longitude: -80.21699 Latitude: 26.289476 Parcel Number (APN): 48-41-12-02-0380…
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Market Benchmarks

Compare data for 6615 NW 48th Mnr in Broward County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$580,075
$499,312
$80,763 (16%)
$******
$701,364
$66,287 (9%)
YoY Price Change
****%
1.63%
54%
Year Built
1985
2001
-16 years
Living Space
2,136 sq ft
2,425 sq ft
-289 (-12%)
$ Per Living Sq Ft
$272
$216
$55 (25%)
Lot Size
8,791 sq ft
10,221 sq ft
-1430 (-14%)
$ Per Lot Sq Ft
$66
$55
$11 (20%)

Net Operating Income
$*****
$21,413
$4,767 (22%)
Annual Revenue
$48,000
$31,800
$16,200 (51%)
$*****
$12,643
$9,177 (73%)
Net Operating Income
$*****
$21,413
$4,767 (22%)
Cap Rate
****%
4.63%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians