12470 SE 138th BlvdOkeechobeeFL34974
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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 12470 SE 138th Blvd, Okeechobee, FL, 34974 offers a 9.27% rental yield on a $180,000 purchase with $1,390/mo rent. Total monthly income registers $1,390/mo, and a $881/mo payment leaves $196/mo available for distribution. Annual cash flow reaches $2,346/yr on $59,670 to close, and return on cash invested stands at 23.84% in year one. Equity gained on principal adds $1,162/yr while 5% annual appreciation supports $49,731 over five years. Portfolio math shows five-year ROI at 124.55% and total cumulative return in cash at $74,321. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,390/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1977
3,400 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: Janetta Thiboult • GILBERT REALTY GROUP
Mls Name: Stellar MLS
Mls ID: #OK225536