3600 N Ocean Drive #322Riviera 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
Rental property for sale in Riviera Beach at 3600 N Ocean Drive #322, Riviera Beach, FL, 33404 generates $3,006/mo in rent and, after a $1,708/mo payment, leaves $690/mo in cash flow. Total monthly income is $3,006/mo, and annual cash flow is $8,282/yr on $115,694 invested. Return on cash invested sits at 27.07% in year one, and rental yield is 10.34% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 141.84% and total cumulative return in cash sums $164,100. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,006/mo property income rather than buyer’s personal income.
Condo
Built in 1962
2.51 Acres lot
$N/A/sqft
No HOA
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Listed by: Jessica Kristin DesPlaines • Platinum Properties/The Keyes
Mls Name: BeachesMLS
Mls ID: #RX-11146702