2640 Lake Shore Drive #1508Riviera BeachFL33404
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 2640 Lake Shore Drive #1508, Riviera Beach, FL, 33404 in Riviera Beach: $7,054/mo in rent, $937/mo net, 11.67% gross yield, all on a $725,000 acquisition. The 2.16 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $200,304 in value, and $6,677/yr in principal paydown steadily builds equity. Projected total cumulative return: $420,675.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 6.0% |
| Monthly Cash Flow | $937 | $1,500 |
City averages based on Riviera Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,054 |
| Total Monthly Debt Service | $4,523 |
| DSCR Ratio | 1.56x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2007
3.56 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2007
3.56 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jamie Gozzo • Gulfstream Properties
Mls Name: BeachesMLS
Mls ID: #RX-11150459