1103 SW 3rd StOkeechobeeFL34974
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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 1103 SW 3rd St, Okeechobee, FL, 34974 offers a 11.99% rental yield on a $349,900 purchase with $3,496/mo rent. Total monthly income registers $3,496/mo, and a $1,713/mo payment leaves $1,174/mo available for distribution. Annual cash flow reaches $14,083/yr on $115,992 to close, and return on cash invested stands at 32.05% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 168.54% and total cumulative return in cash at $195,498. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,496/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
9,931 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34974, Okeechobee, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,290
Single Family
10,391
Multi-Family
899
Businesses
471
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Listed by: Carl Mataushek • REAL ESTATE FIRM OF ORLANDO
Mls Name: Stellar MLS
Mls ID: #O6359782