2641 Gately Drive W #1906, West Palm Beach, FL, 33415 | $662/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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2641 Gately Drive W #1906, West Palm Beach, FL, 33415 | $662/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in West Palm Beach at 2641 Gately Drive W #1906, West Palm Beach, FL, 33415 uses $107,738 cash to close to unlock $7,944/yr annual cash flow and $662/mo monthly cash flow. Total monthly income runs $2,819/mo, and a $1,591/mo payment keeps the spread at $662/mo. Purchase price stands at $325,000, and rental yield measures 10.41% with $2,819/mo rent. Return on cash invested shows 27.28% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 142.96% and total cumulative return in cash records $154,021. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,819/mo property income covering a $1,591/mo payment rather than investor’s personal income.

Condo

Built in 1988

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to The Arbours, a highly sought-after 55+ community offering a peaceful lifestyle with resort-style amenities including a clubhouse, sparkling pool, and tennis courts. Step inside this beautifully updated 3-bedroom, 2-bath villa featuring soaring vaulted ceilings, a spacious open layout, and a private courtyard entry leading to a serene screened patio--perfect for relaxing or entertaining. Both bathrooms have been completely renovated, and the kitchen shines with updated cabinets, pantry, and newer appliances including a 2019 A/C, new sink and disposal, newer dishwasher, washer & dryer (2 yrs), kitchen (4 yrs), new hood, and water heater (1 yr). Additional highlights include a 5-year-old roof, all-new flooring throughout, and accordion shutters for peace of mind. This desirable corner unit offers privacy with no direct neighbor on one side and three assigned parking spaces right in front. The $532 monthly HOA covers cable, internet, water, landscaping, exterior upkeep, and roof maintenance. Move-in ready and meticulously maintainedthis villa truly captures the best of comfort, style, and convenience in The Arbours!

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