3000 N Ocean Drive #23-CRiviera 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 3000 N Ocean Drive #23-C, Riviera Beach, FL, 33404 listed at $1,295,000 pairs $4,489/mo rent with a $6,338/mo payment. Total monthly income runs $4,489/mo. Return on cash invested measures 2.27% in year one, and rental yield registers 4.16% at a $1,295,000 basis. Equity gained on principal adds $8,356/yr, and annual property appreciation at 5% supports $357,785 by year five. Five-year ROI tracks 11.08% and total cumulative return in cash totals $46,482. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,489/mo property income relative to a $6,338/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1977
N/A lot
$N/A/sqft
$1,785 monthly HOA
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Listed by: Matthew Brannon • Illustrated Properties LLC (Co
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11078403
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