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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 1238 24th St UNIT 3, Okeechobee, FL, 34974 generates $1,573/mo in rent, after a $1,906/mo payment. Total monthly income is $1,573/mo. Return on cash invested sits at 10.07% in year one, and rental yield is 4.85% on a $389,500 entry. Equity gained on principal adds $2,513/yr, while 5% annual appreciation builds toward $107,612 over five years. Five-year ROI reaches 50.84% and total cumulative return in cash sums $65,647. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,573/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
7,667 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 |
|---|---|---|
| 2024-11-09 | Price change | $389,500 |
| 2024-10-11 | Listed for sale | $398,500 |
| 2022-01-14 | Sold | $277,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-26 | $4036.97 | 150.32% | $215,802 | 59.68% |
| 2022-12-26 | $1612.70 | 1.01% | $135,145 | 3.00% |
| 2021-12-26 | $1596.59 | 1.86% | $131,209 | 1.40% |
Listed by: Rhonda Patrick • LAKE O REAL ESTATE, LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #OK224557
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511
