371 Wilma Circle #3Riviera 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 371 Wilma Circle #3, Riviera Beach, FL, 33404 priced at $759,000 converts $3,018/mo rent into after a $3,715/mo obligation. Total monthly income equals $3,018/mo. Return on cash invested prints 7.34% in year one, and rental yield reads 4.77% against a $759,000 entry. Equity gained on principal adds $4,898/yr, while 5% annual appreciation compiles into $209,698 by year five. Five-year ROI reaches 37.11% and total cumulative return in cash sums $92,663. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,018/mo property income covering a $3,715/mo payment, not borrower’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
$578 monthly HOA
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Listed by: Gillian Lieberman • Provident Realty of South Florida Inc.
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11073163
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