5550 N Ocean Drive #5cRiviera BeachFL33404
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 5550 N Ocean Drive #5c, Riviera Beach, FL, 33404 in Riviera Beach speaks for itself: 10.92% gross on a $925,000 price, generating $8,414/mo in rent and $2,276/mo in net income after the $4,159/mo debt service. DSCR 2.02, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $27,311 stacks alongside $255,560 in projected five-year appreciation and $8,519/yr in principal reduction. Projected total cumulative return: $498,974.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 6.0% |
| Monthly Cash Flow | $2,276 | $1,500 |
City averages based on Riviera Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $8,414 |
| Total Monthly Debt Service | $5,770 |
| DSCR Ratio | 1.46x |
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 1975
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 1975
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Geraldine Stanko • Compass Florida LLC
Mls Name: BeachesMLS
Mls ID: #RX-11087098