6650 Royal Palm Blvd Unit C 205 · Margate, FL 33063

$85,000

1 bd · 1.0 ba · 600 sqft · Condo · 103 Days on market

55+ age-restricted Built 1974 Good condition $142/sqft · 20% below area Est $106k · 20% under $509/mo HOA · 35% of rent

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +16.3/30.0
• ARV discount +15.0/15.0
• 1% rule +7.5/10.0
• DSCR +5.2/10.0
• Livability +4.0/5.0
• Condition / age +3.8/5.0
• Rent growth +3.0/5.0
• Schools +2.5/10.0
• Appreciation +0.0/10.0

Listing remarks

Beautiful apartment with great kitchen and appliances. 55+ community. It has cable, pool and sauna, play Bingo or the Casino is near by. No Smoking in the unit, No pets, Electric Heat, A/C 1 yr old, Association Approval required. Parking restrictions, No motorcycle, No Rv/Boats, No Truck or Trailers.

Key facts

• $509 HOA
• Community pool
• Built 1974

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $85k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $65 ($785/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $77k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.2% vs local median 4.3% in Margate — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#85 in FL, #1,398 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: amenities F.
• Broward (suburban): math 42% / reading 53% proficiency, ranked #46 of 73 in FL (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Alphabet Land-Margate (8 students, 0% FRL); Margate Middle School (math 25% / reading 34%, grade F, #469 of 571 statewide, top 84%, 1,094 students, 77% FRL); Coconut Creek High School (math 13% / reading 26%, grade F, #562 of 667 statewide, top 85%, 1,892 students, 72% FRL) — zoned schools at 50% FRL track the district average.
• Zoned-school proficiency averages 24% at this address vs 48% district-wide (-23 pts) — the specific schools serving this property underperform the Broward average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.9%/yr); 840 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 77d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 78% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $588 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Broward County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 103 days — a 9% lower offer ($77k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 35% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $77,350 (9.0% below list)

Questions for the listing agent

1. It's been on market 103 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.73% ✓
• Cap rate: 7.22%
• Cash-on-cash: 3.30%
• DSCR: 1.15
• GRM: 4.8

CMA / ARV

• ARV (median comp): $106,005
• List price: $85,000
• Delta: -19.82%
• Verdict: UNDERPRICED
• Comps: 18 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6750 Royal Palm Blvd Unit 310e	0.08mi	1/1.5	720 (+20%)	2mo	$80,000	$111	68
2501 Riverside Dr Unit 206-a	1.41mi	1/1.0	606 (+1%)	4mo	$115,000	$190	60
2501 Riverside Dr Unit 307-A	1.41mi	1/1.0	606 (+1%)	5mo	$130,000	$215	59
5571 Lakeside Dr #203	1.26mi	1/1.5	630 (+5%)	6mo	$120,000	$190	50
601 NW 78th Ter #204	1.47mi	1/1.0	670 (+12%)	2mo	$50,000	$75	44
461 NW 76th Ave #205	1.46mi	1/1.5	735 (+22%)	1mo	$68,000	$93	37
3090 Holiday Springs Blvd #106	1.40mi	1/1.0	720 (+20%)	3mo	$53,500	$74	37
7400 NW 5th Pl #105	1.19mi	1/1.5	735 (+22%)	3mo	$51,500	$70	36
7400 NW 4th Pl #205	1.28mi	1/1.5	735 (+22%)	3mo	$45,000	$61	35
550 NW 78th Ter #205	1.50mi	1/1.5	735 (+22%)	3mo	$50,000	$68	35
6884 W Sample Rd #6884	1.42mi	1/1.0	716 (+19%)	6mo	$180,000	$251	35
7300 NW 4 Pl #205	1.24mi	1/1.5	735 (+22%)	6mo	$67,500	$92	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.94% rent growth · sell at horizon

5-year hold

• IRR: -12.8%
• Equity multiple: 0.55×
• Total profit: $-10,822
• Equity at exit: $12,674

10-year hold

• IRR: -6.3%
• Equity multiple: 0.62×
• Total profit: $-8,930
• Equity at exit: $7,349

Cash invested: $23,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

Active competition Active MLS

• For sale now: 4 active
• Median asking: $139,950 ($194/sqft)
• Median days on market: 232 d
• This list price: lowest-priced of the active set
• ARV vs active asking: -9.1% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 33063

• Home prices YoY: -18.1%
• Rents YoY: 1.9%
• Active inventory: 840
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,471 high
• Mortgage (P&I): −$446
• Tax est. 1.5%: −$106 /mo · $1,275/yr
• Insurance: −$35
• HOA: −$509
• Vacancy / Maint / Mgmt: −$309
• Net cashflow: $65

Break-even live

Break-even rent $1,388

Max offer price $85,000

Occupancy floor 91%

Sensitivity live

Price	-10% $124	-5% $95	+0% $65	+5% $36	+10% $7
Rent	-10% $-51	-5% $7	+0% $65	+5% $124	+10% $182
Rate	-1.0pp $108	-0.5pp $87	base $65	+0.5pp $43	+1.0pp $21

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $21,250
• Closing costs: $2,550
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6650 Royal Palm Blvd Unit 110C Margate, FL	1.0	1.0	540	$1,450	$2.69	103d	1	0.02mi
6700 Royal Palm Blvd Unit 210D Margate, FL	1.0	1.5	720	$1,450	$2.01	99d	1	0.04mi
6670 Royal Palm Blvd Unit 205K Margate, FL	1.0	1.5	720	$1,250	$1.74	75d	1	0.06mi
6670 Royal Palm Blvd Unit 206K Margate, FL	1.0	1.5	720	$1,450	$2.01	120d	1	0.06mi
6670 Royal Palm Blvd Unit 206K Margate, FL	1.0	1.5	720	$1,300	$1.81	6d	1	0.06mi
6550 Royal Palm Blvd Unit 105A Margate, FL	1.0	1.0	540	$1,500	$2.78	120d	1	0.07mi
6550 Royal Palm Blvd Unit 304A Margate, FL	1.0	1.5	720	$1,500	$2.08	38d	1	0.07mi
6670 Royal Palm Blvd Margate, FL	1.0	1.5	720	$1,325	$1.84	75d	2	0.08mi
6750 Royal Palm Blvd Margate, FL	1.0	2.0	720	$1,500	$2.08	24d	1	0.09mi
6750 Royal Palm Blvd Unit 209E Margate, FL	1.0	1.5	720	$1,000	$1.39	98d	1	0.09mi
6750 Royal Palm Blvd Margate, FL	1.0	1.5–2.0	720	$1,250	$1.74	32d	2	0.09mi
6890 Royal Palm Blvd Unit 209H Margate, FL	1.0	1.5	720	$1,300	$1.81	20d	1	0.20mi
6870 Royal Palm Blvd Unit 111M Margate, FL	1.0	1.5	720	$1,500	$2.08	64d	1	0.21mi
7030 NW 22nd Way Margate, FL	1.0	1.0	575	$1,600	$2.78	69d	1	0.44mi
6501 Winfield Blvd Unit A33 Margate, FL	1.0	1.0	720	$1,400	$1.94	120d	1	0.49mi
6501 Winfield Blvd Unit A50 Margate, FL	1.0	1.0	720	$1,395	$1.94	109d	1	0.49mi
6501 Winfield Blvd Unit A26 Margate, FL	1.0	1.0	720	$1,500	$2.08	61d	1	0.49mi
6501 Winfield Blvd Unit A53 Margate, FL	1.0	1.0	720	$1,550	$2.15	77d	1	0.49mi
6501 Winfield Blvd Unit A26 Margate, FL	1.0	1.0	720	$1,500	$2.08	37d	1	0.49mi
6501 Winfield Blvd Unit A53 Margate, FL	1.0	1.0	720	$1,550	$2.15	120d	1	0.49mi
6505 Winfield Blvd Margate, FL	1.0–2.0	1.0–2.0	860	$1,350	$1.57	12d	3	0.50mi
6505 Winfield Blvd Margate, FL	1.0	1.0	720	$1,450	$2.01	106d	2	0.50mi
6505 Winfield Blvd Margate, FL	1.0	1.0	720	$1,450	$2.01	116d	2	0.50mi
6505 Winfield Blvd Unit B14 Margate, FL	1.0	1.0	720	$1,345	$1.87	70d	1	0.51mi
6505 Winfield Blvd Unit B45 Margate, FL	1.0	1.0	720	$1,350	$1.88	75d	1	0.51mi
6505 Winfield Blvd Unit 53B Margate, FL	1.0	1.0	720	$1,500	$2.08	109d	1	0.51mi
6505 Winfield Blvd Unit B45 Margate, FL	1.0	1.0	720	$1,400	$1.94	109d	1	0.51mi
6507 Winfield Blvd Margate, FL	1.0	1.0	649	$1,200	$1.85	6d	1	0.57mi
6507 Winfield Blvd Margate, FL	1.0	1.0–1.5	740	$1,475	$1.99	81d	2	0.57mi
2698 NW 65th Ave Unit 2704 Margate, FL	1.0	1.0	700	$1,775	$2.54	120d	1	0.62mi
1251 W River Dr Unit 3 Margate, FL	1.0	1.0	500	$1,500	$3.00	109d	1	0.64mi
5800 Margate Blvd Unit 411-4 Margate, FL	1.0	1.0	728	$1,650	$2.27	120d	1	0.82mi
5800 Margate Blvd Unit 132-1 Margate, FL	1.0	1.0	728	$1,500	$2.06	88d	1	0.82mi
6711 NW 30th St Margate, FL	1.0	1.0	456	$1,399	$3.07	76d	1	0.86mi
7807 Golf Circle Dr Margate, FL	1.0	1.0–1.5	749	$1,475	$1.97	6d	2	0.87mi
7807 Golf Circle Dr Margate, FL	1.0	1.0–1.5	757	$1,525	$2.01	116d	4	0.87mi
7807 Golf Circle Dr #207 Margate, FL	1.0	1.0	739	$1,650	$2.23	10d	1	0.87mi
7797 Golf Circle Dr Margate, FL	1.0–2.0	1.0–2.0	834	$1,350	$1.62	5d	2	0.91mi
6008 NW 10th St Unit 2 Margate, FL	1.0	1.0	483	$1,450	$3.00	6d	1	0.93mi
7897 Golf Circle Dr Margate, FL	1.0–2.0	1.0–2.0	829	$1,349	$1.63	74d	3	1.00mi

Property features AI

Finance

• Other: Senior community
• HOA & community: Association with monthly feeHOA amenities include fitness center, pool, sauna, parking, and courtesy busHOA covers pest control, common areas, elevator, roof repairs, and pool service

Exterior

• Parking: Assigned parkingGuest parking
• Security: Other security features
• Utilities: Has heating and cooling
• Home design: CondominiumResale unitLocated on the second floorBuilding has 4 stories
• Construction: Block construction
• Exterior features: Second-floor entryNot waterfront

Interior

• Kitchen: Electric rangeMicrowaveRefrigerator
• Bedrooms: Second-floor entry unit (no main-level bedrooms specified)
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heatingCeiling fansElectric cooling
• Interior features: Ceramic tile flooringSecurity features present

HOA detail $509/mo · $6,108/yr condo

• Likely covers: electriccablepool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 15 events

1. 2026-06-22
   days on market $85,000 Active 103 DOM
2. 2026-06-21
   days on market $85,000 Active 102 DOM
3. 2026-06-18
   days on market $85,000 Active 99 DOM
4. 2026-06-17
   days on market $85,000 Active 98 DOM
5. 2026-06-16
   days on market $85,000 Active 97 DOM
6. 2026-06-15
   days on market $85,000 Active 96 DOM
7. 2026-06-13
   days on market $85,000 Active 94 DOM
8. 2026-06-09
   days on market $85,000 Active 90 DOM
9. 2026-06-07
   days on market $85,000 Active 88 DOM
10. 2026-06-04
    days on market $85,000 Active 85 DOM
11. 2026-06-03
    days on market $85,000 Active 84 DOM
12. 2026-06-02
    days on market $85,000 Active 83 DOM
13. 2026-06-01
    days on market $85,000 Active 82 DOM
14. 2026-05-31
    days on market $85,000 Active 81 DOM
15. 2025-12-23
    listed $85,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,649
• − Mortgage interest: −$4,761
• − Property taxes: −$1,275
• − Insurance: −$425
• − Repairs & maintenance: −$1,412
• − Management: −$1,412
• − HOA: −$6,108
• − Depreciation: −$2,473
• Taxable loss: −$217
• Est. tax savings @ 24.0%: +$52
• After-tax cash flow: $838/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 9 photos

Good 75/100 Cosmetic rehab Est. rehab $3,000–$9,000 screening

This townhouse is in good condition with minimal repairs needed. Upgrading the exterior paint and flooring would significantly enhance its curb appeal and value.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and resale value. ↑
• Both Clean windows — Improves natural light and overall appearance. ↑
• Both Upgrade flooring — Modernizes the space and increases both resale and rental value. ↑
• Both Update kitchen appliances — Modernizes the kitchen and enhances both resale and rental value. ↑
• Both Upgrade bathroom fixtures — Modernizes the bathroom and enhances both resale and rental value. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 24/100

Zoned Schools

Elementary Alphabet Land-Margate Middle Margate Middle School F FL #469/571 Nat'l #9,020/14,009 High Coconut Creek High School F FL #562/667 Nat'l #14,491/17,239

Schools (NCES district)

• District: Broward
• NCES district ID: 1200180
• Math proficiency: 42% ▼ -18.00%
• Reading proficiency: 53% ▼ -5.00%
• Median HH income: $52,139
• Composite: 40.88/100
• National rank: #3621
• State rank: #46 of 73 in FL

A Composite livability gradescore 81/100

Livability — Margate

• Score: 81/100
• State rank: #85
• US rank: #1398

Category grades

Amenities F Commute A+ Cost of living A- Crime B- Employment C Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Margate, FL
• County: Broward County · 2,207,033 people
• City population: 55,466
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 55,466
• Household income: $62,918
• Rent vs Own: 26.3% rent · 73.7% own
• Severe rent burden: 20% of renters

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Population outlook (Broward County) Hauer SSP2

• Today (2025): 2,207,033 people
• By 2030: 2,360,704 · +7.0%
• By 2040: 2,661,208 · +20.6%
• By 2050: 2,946,698 · +33.5%
• By 2075: 3,602,273 · +63.2%
• By 2100: 3,970,984 · +79.9%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: White 34% Hispanic / Latino 29% Black 28% Two or more races 18% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 7% Cuban 3% Dominican 3%
• Common ancestry: Hispanic 6% Romanian 2% Estonian 2%
• Foreign-born: 36% · Canada, Jamaica, Vietnam
• Languages at home: 61% English-only · Spanish 24% French/Haitian/Cajun 7% Other Indo-European 4%

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Political lean MEDSL · Broward

• 2024 margin: D (+17.0) · D 58.0% · R 41.0%
• 2008→2024 swing: -17.8pp toward R · 2008: 34.7pp · 2024: 17.0pp
• All cycles: 2024: D+17.0 2020: D+29.8 2016: D+35.0 2012: D+34.9 2008: D+34.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -87.17%
• Current HPI: 393.9225
• Rent YoY: ▲ 1.94%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

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Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Property features AI

Finance

• Other: Senior community
• HOA & community: Association with monthly feeHOA amenities include fitness center, pool, sauna, parking, and courtesy busHOA covers pest control, common areas, elevator, roof repairs, and pool service

Exterior

• Parking: Assigned parkingGuest parking
• Security: Other security features
• Utilities: Has heating and cooling
• Home design: CondominiumResale unitLocated on the second floorBuilding has 4 stories
• Construction: Block construction
• Exterior features: Second-floor entryNot waterfront

Interior

• Kitchen: Electric rangeMicrowaveRefrigerator
• Bedrooms: Second-floor entry unit (no main-level bedrooms specified)
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heatingCeiling fansElectric cooling
• Interior features: Ceramic tile flooringSecurity features present

Price history

1 event — show timeline

• 2025-12-23 Listed $85,000 Beaches MLS