3100 N Ocean Drive #H-1710West Palm BeachFL33404
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 3100 N Ocean Drive #H-1710, West Palm Beach, FL, 33404 in West Palm Beach is capital appreciation. Rental yield 2.15%. The 2.15% gross yield at $1,947,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $537,920 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.40) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $135,416.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.2% | 7.0% |
| Monthly Cash Flow | $(9,426) | $1,200 |
City averages based on West Palm Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,494 |
| Total Monthly Debt Service | $12,146 |
| DSCR Ratio | 0.29x |
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 2023
N/A 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 2023
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ann P Cusa • Douglas Elliman (Jupiter)
Mls Name: BeachesMLS
Mls ID: #RX-11111986