1002 NW 7th StreetOkeechobeeFL34972
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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
Investment property for sale in Okeechobee at 1002 NW 7th Street, Okeechobee, FL, 34972 offers a 10.09% rental yield on a $250,000 purchase with $2,102/mo rent. Total monthly income registers $2,102/mo, and a $1,224/mo payment leaves $443/mo available for distribution. Annual cash flow reaches $5,311/yr on $82,875 to close, and return on cash invested stands at 26.32% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 137.83% and total cumulative return in cash at $114,226. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,102/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34972, Okeechobee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,020 (100%) |
| Owner Occupied HU | 4,456 (63.5%) |
| Renter Occupied HU | 1,706 (24.3%) |
| Vacant Housing Units | 858 (12.2%) |
| Median Home Value | $227,991 |
| Average Home Value | $272,861 |
Housing Distribution
Address Breakdown
Residential
6,337
Single Family
6,110
Multi-Family
227
Businesses
595
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Listed by: Ted Anderson • Illustrated Properties
Mls Name: BeachesMLS
Mls ID: #RX-11139210