5420 N Ocean Drive #2004Riviera BeachFL33404
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowReliable, bankable, and well-priced, 5420 N Ocean Drive #2004, Riviera Beach, FL, 33404 in Riviera Beach delivers $5,929/mo in gross rent and $425/mo in net monthly income at a $658,000 entry. The 10.81% yield and 2.00 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $181,793 over five years and $6,060/yr in equity from loan paydown, total projected return is $283,090.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 6.0% |
| Monthly Cash Flow | $425 | $1,500 |
City averages based on Riviera Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,929 |
| Total Monthly Debt Service | $5,243 |
| 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 1976
N/A lot
$N/A/sqft
$1,110 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 1976
N/A lot
$N/A/sqft
$1,110 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debra Felber • Paradise Real Estate Intl
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11061623
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