3000 N Ocean Dr APT 24HRiviera BeachFL33404
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 3000 N Ocean Dr APT 24H, Riviera Beach, FL, 33404 in Riviera Beach is capital appreciation. Rental yield 4.08%. The 4.08% gross yield at $1,199,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $331,262 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.76) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $87,624.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.1% | 6.0% |
| Monthly Cash Flow | $(5,875) | $1,500 |
City averages based on Riviera Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,077 |
| Total Monthly Debt Service | $9,475 |
| DSCR Ratio | 0.43x |
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: #A11703616
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