6488 NW 20th St Margate, FL 33063

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4 beds · 2 baths · 1,821 sq ft · Lot Size: 9,042 sq ft · Single Family Home · North Margate
Est. Property Value: $554,320

High Demand Long-Term RentalOwned for Less Than 5 Years

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6488 NW 20th St is in the North Margate neighborhood of Margate, FL. It is located in Broward County and ZIP code 33063. This Single Family Home was built in 1966 and is approximately 59 years old. The single family home spans 1821 sq ft with 4 bedrooms and 2 bathrooms and sits on a 9042 sq ft lot. According to public records, it was last sold in 2023 for $514,000 and has a tax-assessed value of $478,290, which is $304 per sq ft. The North Margate area of Margate has 63 residential homes with an average size of 1729 sq ft. Analyze and compare real estate investment strategies for properties like this home at 6488 NW 20th St Margate, FL 33063 with Property Intel by Whitepages.

6488 NW 20th St

Margate, FL 33063

Neighborhood

Owners & Occupancy for 6488 NW 20th St

This property is owned by Helene Casimir. Owner contact information includes .

Property Owners

Residence***********
Landline
Distance from Property**********
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Occupancy

Current Occupancy*****View Occupancy
Resident 1*************
Resident 2*************** age 89
Resident 3**************
Resident 4*********************

Property Financials for 6488 NW 20th St

6488 NW 20th St, Margate, FL has a mortgage from United Wholesale Mtg (orig. September 15, 2023). The Broward county assessment for 2023 values it at $478,290, with annual taxes of $2,534.

Mortgage & Equity Information

Loan Amount$******
LenderUnited Wholesale Mtg
Origination DateSeptember 15, 2023
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date****************
Equity View Equity
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Property Tax

Purchase DateSeptember 13, 2023
Property Tax Amount$2,534 in 2023
Purchase Price$514,000
Assessed Value$478,290 on 2023

Investment Potential for 6488 NW 20th St

The property has a current estimated value of $554,320, which is 3% above the neighborhood median, based on public records. It last sold on September 13, 2023 for $514K. Projected long-term
is $28,800 annually ($2,400 per month) with a 85% occupancy rate.

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Long-Term

Gross Rental
$28,800 per year($2,400 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
85%in 33063 zip code
 
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Property Details for 6488 NW 20th St

Property Details

Property Sq Ft

Living Area

1,821 sq ft

5% above market

Lot Size

9,042 sq ft

18% above market

Price Per Sq Ft

Living Area

$304 / sq ft

3% below market

Lot Size Area

$61 / sq ft

6% below market

Property condition, age, exterior, etc. for 6488 NW 20…
Longitude: -80.211624 Latitude: 26.251853 Parcel Number (APN): 48-41-25-13-0420…

Recommended Properties in North Margate

Discover more single family homes near 6488 NW 20th St in Margate, Florida. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 6488 NW 20th St in Broward County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$554,320
$514,739
$39,581 (8%)
$******
$645,585
-$23,205 (-4%)
YoY Price Change
****%
1.63%
-168%
Year Built
1966
2002
-36 years
Living Space
1,821 sq ft
2,420 sq ft
-599 (-25%)
$ Per Living Sq Ft
$304
$213
$91 (43%)
Lot Size
9,042 sq ft
10,153 sq ft
-1111 (-11%)
$ Per Lot Sq Ft
$61
$52
$9 (18%)

Net Operating Income
$*****
$20,084
-$1,686 (-8%)
Annual Revenue
$28,800
$32,400
-$3,600 (-11%)
$*****
$13,478
-$3,076 (-23%)
Net Operating Income
$*****
$20,084
-$1,686 (-8%)
Cap Rate
****%
4.24%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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