5080 N Ocean Drive #20cRiviera BeachFL33404
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 5080 N Ocean Drive #20c, Riviera Beach, FL, 33404 in Riviera Beach. Priced at $729,450, it generates $6,931/mo in gross rent and $501/mo in net monthly cash flow, a 11.4% yield that comfortably supports the 2.11 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $6,017. Five-year appreciation: $201,534. Equity from principal paydown: $6,718/yr. Total projected cumulative return: $412,548.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 6.0% |
| Monthly Cash Flow | $501 | $1,500 |
City averages based on Riviera Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,931 |
| Total Monthly Debt Service | $4,551 |
| DSCR Ratio | 1.52x |
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 1984
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 1984
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David P Craven • William Raveis Real Estate
Mls Name: BeachesMLS
Mls ID: #RX-11155765