971 Lucaya DriveRiviera BeachFL33404
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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 971 Lucaya Drive, Riviera Beach, FL, 33404 offers $2,374/mo rent that, after a $1,273/mo payment, leaves $60/mo cash flow. Total monthly income is $2,374/mo, and annual cash flow is $725/yr on $86,190 cash. Return on cash invested measures 20.75% in year one, and rental yield stands at 10.96% at a $260,000 entry. Equity gained on principal adds $1,678/yr while 5% annual appreciation compounds into $71,833 by year five. Five-year ROI records 110.93% and total cumulative return in cash reaches $95,609. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,374/mo property income versus a $1,273/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2006
802 sqft lot
$N/A/sqft
$334 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Shalena Taylor • Petty Capital Realty Inc
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11030747
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.