2641 Gately Dr W APT 902West Palm BeachFL33415
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in West Palm Beach at 2641 Gately Dr W APT 902, West Palm Beach, FL, 33415 listed at $149,900 pairs $1,197/mo rent with a $734/mo payment to leave $202/mo cash flow. Total monthly income runs $1,197/mo, and annual cash flow reaches $2,423/yr on $49,692 cash to close. Return on cash invested measures 24.79% in year one, and rental yield registers 9.58% at a $149,900 basis. Equity gained on principal adds $967/yr, and annual property appreciation at 5% supports $41,415 by year five. Five-year ROI tracks 129.58% and total cumulative return in cash totals $64,391. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,197/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33415, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,027 (100%) |
| Owner Occupied HU | 11,193 (55.9%) |
| Renter Occupied HU | 7,425 (37.1%) |
| Vacant Housing Units | 1,409 ( 7.0%) |
| Median Home Value | $295,757 |
| Average Home Value | $389,449 |
Housing Distribution
Address Breakdown
Residential
18,999
Single Family
11,552
Multi-Family
7,447
Businesses
728
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Listed by: Michele Diamond • United Realty Group Inc.
Mls Name: MIAMI
Mls ID: #A11955623