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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Okeechobee at 1055 7th St, Okeechobee, FL, 34974 generates $1,994/mo in rent and, after a $798/mo payment, leaves $886/mo in cash flow. Total monthly income is $1,994/mo, and annual cash flow is $10,631/yr on $54,035 invested. Return on cash invested sits at 39.58% in year one, and rental yield is 14.68% on a $163,000 entry. Equity gained on principal adds $1,052/yr, while 5% annual appreciation builds toward $45,034 over five years. Five-year ROI reaches 209.15% and total cumulative return in cash sums $113,011. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,994/mo property income rather than buyer’s personal income.
Manufactured
Built in 1986
6,490 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 34974, Okeechobee, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,195 (100%) |
| Owner Occupied HU | 8,078 (56.9%) |
| Renter Occupied HU | 2,281 (16.1%) |
| Vacant Housing Units | 3,836 (27.0%) |
| Median Home Value | $201,752 |
| Average Home Value | $234,889 |
Residential
11,290
Single Family
10,391
Multi-Family
899
Businesses
471
Date | Event | Price |
|---|---|---|
| 2025-10-16 | Sold | $163,000 |
| 2025-08-19 | Pending sale | $159,900 |
| 2025-08-12 | Price change | $159,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $1765.99 | 1.86% | $95,228 | 2.75% |
| 2023-10-20 | $1733.68 | 45.70% | $92,676 | 57.75% |
| 2022-10-20 | $1189.92 | 15.08% | $58,749 | 10.00% |
Listed by: Greg Bone • Southern Heritage Real Estate
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #225045282
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
