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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% |
Investment property for sale in Okeechobee at 1247 6th St, Okeechobee, FL, 34974 listed at $210,000 pairs $2,100/mo rent with a $1,028/mo payment to leave $706/mo cash flow. Total monthly income runs $2,100/mo, and annual cash flow reaches $8,475/yr on $69,615 cash to close. Return on cash invested measures 32.08% in year one, and rental yield registers 12% at a $210,000 basis. Equity gained on principal adds $1,355/yr, and annual property appreciation at 5% supports $58,019 by year five. Five-year ROI tracks 168.78% and total cumulative return in cash totals $117,496. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,100/mo property income relative to a $1,028/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1954
N/A 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 |
|---|---|---|
| 2025-01-30 | Price change | $210,000 |
| 2025-01-13 | Price change | $205,000 |
| 2025-01-09 | Price change | $220,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-15 | $1704.88 | 10.84% | $79,953 | 10.00% |
| 2022-02-15 | $1538.16 | 17.63% | $72,685 | 10.00% |
| 2021-02-15 | $1307.63 | 12.29% | $66,077 | 10.00% |
Listed by: Basil Tomey • Realty One Group MVP
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11715995
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.
