5310 N Ocean Drive #Ph 1201West Palm BeachFL33404
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in West Palm Beach at 5310 N Ocean Drive #Ph 1201, West Palm Beach, FL, 33404 projects strong ROI of -2.21%. Rental yield 0.94%. With 5% annual appreciation, the property builds $1,269,514 in value over five years. Equity growth combined delivers a projected five-year ROI of 1.63%, translating into $21,142 in total cumulative return on $1,298,088 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0.9% | 7.0% |
| Monthly Cash Flow | $(39,690) | $1,200 |
City averages based on West Palm Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,607 |
| Total Monthly Debt Service | $28,665 |
| DSCR Ratio | 0.13x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2006
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 2006
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dermot C. OBrien • Sotheby's Intl. Realty, Inc.
Mls Name: BeachesMLS
Mls ID: #RX-11159315