1260 Dr Martin Luther King Jr BoulevardRiviera BeachFL33404
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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 Riviera Beach at 1260 Dr Martin Luther King Jr Boulevard, Riviera Beach, FL, 33404 offers a 9.08% rental yield on a $374,900 purchase with $2,838/mo rent. Total monthly income registers $2,838/mo, and a $1,835/mo payment leaves $350/mo available for distribution. Annual cash flow reaches $4,201/yr on $124,279 to close, and return on cash invested stands at 23.29% in year one. Equity gained on principal adds $2,419/yr while 5% annual appreciation supports $103,578 over five years. Portfolio math shows five-year ROI at 121.59% and total cumulative return in cash at $151,111. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,838/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1955
5,992 sqft lot
$N/A/sqft
No HOA
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Listed by: Lisa Weidner • Continental Properties, Inc.
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11097024
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