5550 N Ocean Drive #22-BRiviera BeachFL33404
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
Investment Highlights
Rental property for sale in Riviera Beach at 5550 N Ocean Drive #22-B, Riviera Beach, FL, 33404 generates $3,826/mo in rent, after a $5,604/mo payment. Total monthly income is $3,826/mo. Return on cash invested sits at 8.17% in year one, and rental yield is 4.01% on a $1,145,000 entry. Equity gained on principal adds $7,389/yr, while 5% annual appreciation builds toward $316,342 over five years. Five-year ROI reaches 40.38% and total cumulative return in cash sums $149,808. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,826/mo property income rather than buyer’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert A. Scarmazzo • RE/MAX Ocean Properties
Mls Name: BeachesMLS
Mls ID: #RX-11115281