3000 N Ocean Dr APT 20ARiviera BeachFL33404
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 4.54% gross rental yield, 3000 N Ocean Dr APT 20A, Riviera Beach, FL, 33404 in Riviera Beach is priced for capital growth, not immediate cash flow. The $1,300,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $359,166 by year five, with $11,973/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.84) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $149,482.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.5% | 6.0% |
| Monthly Cash Flow | $(5,497) | $1,500 |
City averages based on Riviera Beach market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $4,918 |
| Total Monthly Debt Service | $9,898 |
| DSCR Ratio | 0.50x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1977
N/A lot
$N/A/sqft
$1,629 monthly 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 1977
N/A lot
$N/A/sqft
$1,629 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrea Gomez • One Sotheby's International Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11714132
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