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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 13842 SW 16th Drive, Okeechobee, FL, 34974 listed at $749,000 pairs $3,575/mo rent with a $3,666/mo payment. Total monthly income runs $3,575/mo. Return on cash invested measures 13.26% in year one, and rental yield registers 5.73% at a $749,000 basis. Equity gained on principal adds $4,833/yr, and annual property appreciation at 5% supports $206,935 by year five. Five-year ROI tracks 67.77% and total cumulative return in cash totals $167,008. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,575/mo property income relative to a $3,666/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1988
7.83 Acres 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 |
|---|---|---|
| 2025-08-25 | Listed for sale | $749,000 |
| 2024-08-27 | Listing removed | N/A |
| 2024-08-23 | Listed for sale | $735,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-25 | $3720.49 | 1.22% | $271,104 | 3.00% |
| 2023-08-25 | $3675.48 | 5.67% | $263,208 | 3.00% |
| 2022-08-25 | $3478.21 | 2.55% | $255,542 | 3.00% |
Listed by: Lori Mixon • Mixon Real Estate Group
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11118291
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.
