3800 N Ocean Drive #518Riviera BeachFL33404
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow3800 N Ocean Drive #518, Riviera Beach, FL, 33404 in Riviera Beach carries a 1.89 coverage ratio, rent of $5,024/mo is 1.89 times the $2,653/mo payment. Rental yield 10.22%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $589,900 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $162,978; total projected cumulative return: $296,200.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.0% |
| Monthly Cash Flow | $(640) | $1,500 |
City averages based on Riviera Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,024 |
| Total Monthly Debt Service | $3,680 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 2007
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 2007
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel Woodley • Marx Realty Group Inc
Mls Name: BeachesMLS
Mls ID: #RX-11141071