Cays Realty
5531 Lakeside Drive 202, Margate, FL 33063 — MLS photo

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5531 Lakeside Drive 202, Margate, FL 33063

Active · Condominium

$199,000

5531 Lakeside Drive 202, Margate, FL 33063

Beds
2
Baths
2
Living area
815 sq ft
$ / sq ft
$244/sq ft
Year built
1986
Lot size
—
HOA fee
$432 Monthly
Annual tax
$1,596

About this property

Excellent opportunity in a beautifully maintained lakefront condo complex in Margate. Second floor unit with views of the large community pool and lake. Open floorplan leads out to a screened in balcony. Two bedroom and two bathrooms. Storage closet. Washer and Dryer. Minutes from local restaurants, shopping, and major highways. One of Margate's best kept affordable secrets!

Property location

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5531 Lakeside Drive 202, Margate, FL 33063

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
815 sq ft
Flooring
Hardwood, Wood
Appliances
Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
Cooling
Ceiling Fans
Heating
Central
Interior features
Family Dining Room, Main Living Area Entry Level, Other, Stacked Bedrooms, Walk In Closets

Exterior & Structure

Property type
Condominium
Year built
1986
Stories
2
Lot size
0 sq ft
Architectural style
One Story
Roof
Tar Gravel
Construction
CBSConcrete Block Structure, Block, Stucco
Exterior features
Balcony
Pool
None, Association, Community
Waterfront
Other
View
Lake, Pool, Water

Parking

Covered spaces
0
Parking features
Assigned

HOA, Community & Financials

Association fee
$432 Monthly
Fee inclusions
Common Area Maintenance, Insurance, Pools, Roof, Sewer, Security, Trash, Water
Association
Miami Management
Association contact
954-846-7545
Amenities
Maintenance, Pool
Security
Complex Fenced, Security Gate, Smoke Detectors
Pets allowed
No
Annual tax
$1,596
Subdivision
VIEWPOINTE CONDO
County
Broward
Days on market
133
MLS listing ID
B26015911
Listing status
Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

$188

Cap rate
6.8%
Net yield
6.8%
Cash-on-cash return
4.1%
Gross yield
12.1%
Mortgage payment
$943/mo
Down payment
$49,750
Loan amount
$149,250
Annual NOI
$13,578

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.