1220 NE 342nd TrlOkeechobeeFL34972
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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 1220 NE 342nd Trl, Okeechobee, FL, 34972 uses $53,040 cash to close to unlock $2,140/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $1,240/mo, and a $783/mo payment keeps the spread at $178/mo. Purchase price stands at $160,000, and rental yield measures 9.3% with $1,240/mo rent. Return on cash invested shows 23.94% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 125.12% and total cumulative return in cash records $66,362. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,240/mo property income covering a $783/mo payment rather than investor’s personal income.
Manufactured
Built in 1991
5.08 Acres 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: Karl Erickson • FLORIDA HOMES REALTY & MORTGAGE
Mls Name: Stellar MLS
Mls ID: #A4668200