5420 N Ocean Dr APT 1405Riviera BeachFL33404
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 5420 N Ocean Dr APT 1405, Riviera Beach, FL, 33404 in Riviera Beach hard to pass up. The 11.52% gross yield on a $875,000 purchase results in $8,399/mo in rent and $597/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.13). Annual cash flow of $7,163, five-year appreciation of $241,746, and $8,059/yr in equity build-up combine for a projected total cumulative return of $380,555.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 6.0% |
| Monthly Cash Flow | $597 | $1,500 |
City averages based on Riviera Beach market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $8,399 |
| Total Monthly Debt Service | $7,454 |
| DSCR Ratio | 1.13x |
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 1979
N/A lot
$N/A/sqft
$1,425 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 1979
N/A lot
$N/A/sqft
$1,425 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard Maston • Health & Wealth Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11679246
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