615 S State Rd, 7 Apt 1D, Margate, FL 33068

Margate, FL 33068 · 2 bd · 2 ba · 960 sqft · Condo · 4 days on market

The math, in full

Asking price: $159,900
Down payment (15%): $23,985
Loan amount: $135,915
Est. monthly rent: $2,091/mo; Range $1,777 to $2,405/mo
Monthly payment, all-in: $1,624/mo; Mortgage + taxes + insurance (PITIA)
Cashflow ratio (DSCR): 1.29; $2,091 rent ÷ $1,624 payment
Monthly cashflow: +$467/mo; What's left after the payment

Where the rent number comes from

Median asking rent for 2-bedroom homes in zip 33068, from current market comps, not a per-property guess. High confidence: plenty of comparable rentals in this zip.

Cash to start

$23,985

15% down on $159,900

Your local lender

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Screened against real lending criteria. This one fits 2 programs.
Qualifies on the property's rent, no W-2 or tax returns.
Listing data verified as of July 5, 2026.

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Rent, payment, and cashflow figures are estimates based on current market data and business-purpose investment-loan criteria, for non-owner-occupied property. Not a commitment to lend, not financial advice, and not an offer of any specific loan or property. Listing data may change; properties may sell. All terms confirmed by a loan officer and subject to underwriting and appraisal.