4200 N Ocean Drive #1-1201Riviera BeachFL33404
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 4200 N Ocean Drive #1-1201, Riviera Beach, FL, 33404 in Riviera Beach: $7,920/mo in rent, $783/mo net, 11.05% gross yield, all on a $860,000 acquisition. The 2.05 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $237,602 in value, and $7,921/yr in principal paydown steadily builds equity. Projected total cumulative return: $384,342.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.0% |
| Monthly Cash Flow | $783 | $1,500 |
City averages based on Riviera Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,920 |
| Total Monthly Debt Service | $6,795 |
| DSCR Ratio | 1.17x |
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 1974
N/A lot
$N/A/sqft
$1,426 monthly 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 1974
N/A lot
$N/A/sqft
$1,426 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angela Voland • Waterfront Properties & Club C
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10960696
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