7485 Glendevon Lane #1107, Delray Beach, FL, 33446 | $173/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

7485 Glendevon Lane #1107, Delray Beach, FL, 33446 | $173/mo Cash Flow | Ziffy

For Sale

Currently Rented

Rental Income

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
958 sft

3150 Holiday Springs Boulevard #208, Pompano Beach, FL, 33063

2 Bed
2 Bath
970 sft

6890 Royal Palm Blvd #203H, Margate, FL, 33063

1 Bed
2 Bath
751 sft

2008 A Wolverton A #2008 A, Boca Raton, FL, 33434

1 Bed
2 Bath
795 sft

2710 Riverside Dr UNIT 202, Pompano Beach, FL, 33065

Nearby investment properties with comparable prices

2 Bed
2 Bath
1064 sft

3080 N Course Dr #309, Pompano Beach, FL, 33069

2 Bed
2 Bath
990 sft

7610 NW 1st St #203, Pompano Beach, FL, 33063

2 Bed
2 Bath
990 sft

7505 NW 5th Pl #203, Margate, FL, 33063

2 Bed
2 Bath
835 sft

612 Fanshaw O UNIT 612, Boca Raton, FL, 33434

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Delray Beach at 7485 Glendevon Lane #1107, Delray Beach, FL, 33446 uses $52,709 cash to close to unlock $2,077/yr annual cash flow and $173/mo monthly cash flow. Total monthly income runs $1,228/mo, and a $778/mo payment keeps the spread at $173/mo. Purchase price stands at $159,000, and rental yield measures 9.27% with $1,228/mo rent. Return on cash invested shows 23.85% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 124.65% and total cumulative return in cash records $65,700. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,228/mo property income covering a $778/mo payment rather than investor’s personal income.

Condo

Built in 1985

N/A lot

$N/A/sqft

No HOA

More details about the property

Amazing opportunity to own a property in Gleneagles Country Club! This bright and light 2-bedroom, 2-bathroom home features vaulted ceilings, tile throughout, and a beautiful pool view that's perfect for relaxing after a busy day. Conveniently located in Glendevon near the satellite pool, this property is ideal for both homeowners and investors, as it is currently rented through May 31. Gleneagles Country Club is all-ages private, residential country club community with 1,082 homes and condominiums surrounding world-class social and sports amenities, including two 18-hole championship golf courses, 19 Har-Tru night-lit courts, 8 Pickleball courts, and an over 90,000 square foot clubhouse with 3 restaurants and 2 lounges, a State-of-the-Art Fitness Center & Spa.

Neighborhood Data

Neighborhood data shown for ZIP Code: 33446, Delray Beach, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,612 (100%)
Owner Occupied HU	13,827 (70.5%)
Renter Occupied HU	2,434 (12.4%)
Vacant Housing Units	3,351 (17.1%)
Median Home Value	$558,273
Average Home Value	$649,778