12240 SE 138th Boulevard #225OkeechobeeFL34974
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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 12240 SE 138th Boulevard #225, Okeechobee, FL, 34974 uses $56,024 cash to close to unlock $2,276/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $1,311/mo, and a $827/mo payment keeps the spread at $190/mo. Purchase price stands at $169,000, and rental yield measures 9.31% with $1,311/mo rent. Return on cash invested shows 23.97% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 125.23% and total cumulative return in cash records $70,159. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,311/mo property income covering a $827/mo payment rather than investor’s personal income.
Manufactured
Built in 1995
3,720 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: Cynthia Brandel • Mixon Real Estate Group
Mls Name: BeachesMLS
Mls ID: #RX-11114796