5400 N Ocean Drive #6bRiviera BeachFL33404
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 5400 N Ocean Drive #6b, Riviera Beach, FL, 33404 in Riviera Beach speaks for itself: 11.07% gross on a $749,000 price, generating $6,908/mo in rent and $1,938/mo in net income after the $3,368/mo debt service. DSCR 2.05, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $23,255 stacks alongside $206,935 in projected five-year appreciation and $6,898/yr in principal reduction. Projected total cumulative return: $410,160.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.0% |
| Monthly Cash Flow | $1,938 | $1,500 |
City averages based on Riviera Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,908 |
| Total Monthly Debt Service | $4,672 |
| DSCR Ratio | 1.48x |
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 1969
2.68 Acres 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 1969
2.68 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tracy Ward • Douglas Elliman (Jupiter)
Mls Name: BeachesMLS
Mls ID: #RX-11090491