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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 12950 NE 56th Avenue, Okeechobee, FL, 34972 generates $1,339/mo in rent, after a $3,059/mo payment. Total monthly income is $1,339/mo. Return on cash invested sits at 3.43% in year one, and rental yield is 2.57% on a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 15.13% and total cumulative return in cash sums $31,117. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,339/mo property income rather than buyer’s personal income.
Manufactured
Built in 1991
25.53 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 34972, Okeechobee, FL area.
| 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 |
Residential
6,337
Single Family
6,110
Multi-Family
227
Businesses
595
Date | Event | Price |
|---|---|---|
| 2024-09-03 | Listed for sale | $625,000 |
| 2024-07-23 | Listing removed | N/A |
| 2024-06-08 | Listed for sale | $625,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-15 | $6052.21 | 92.36% | $382,787 | 140.87% |
| 2022-02-15 | $3146.31 | 12.85% | $158,920 | 23.84% |
| 2021-02-15 | $2788.06 | -31.32% | $128,323 | -40.01% |
Listed by: Jimmy De La Luz Caballero • Mixon Real Estate Group
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11017660
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
