1397 Lake Drive W, Okeechobee, FL, 34974 | $237/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1397 Lake Drive W, Okeechobee, FL, 34974 | $237/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Okeechobee at 1397 Lake Drive W, Okeechobee, FL, 34974 offers a 9% rental yield on a $275,000 purchase with $2,062/mo rent. Total monthly income registers $2,062/mo, and a $1,346/mo payment leaves $237/mo available for distribution. Annual cash flow reaches $2,844/yr on $91,163 to close, and return on cash invested stands at 23.03% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 120.21% and total cumulative return in cash at $109,583. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,062/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1974

9,365 sqft lot

$N/A/sqft

No HOA

More details about the property

BUCKHEAD RIDGE- Lake ''O'' access! Spacious brick home. 3Bd-plus office/ 2Ba /carports. 1800 Sf under air - 2968 TLA. This SOLID home may be original but the square footage makes the possibilities endless. 24 x 14 living room, 15 x 15 eat in kitchen with lots of counter space, 14 x 7 utility room/pantry. Your master bedroom is 15 x 17 with walk in closet and dressing room. The master shower was recently tiled. All bedrooms have walk-in closets. The 12 x 30 screened lanai also has vinyl windows. 12 x 30 carport in back is perfect for your boat storage. Metal roof. Shed. Seawall/covered dock and extra fishing dock with fish cleaning station. Only minutes to rim canal and Lock to Lake''O''. CATCH THE BIG ONE - THIS IS IT!Dimensions are approximate, must measure for exact

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