14280 SE 124th DrOkeechobeeFL34974
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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 14280 SE 124th Dr, Okeechobee, FL, 34974 offers a 9.45% rental yield on a $165,000 purchase with $1,300/mo rent. Total monthly income registers $1,300/mo, and a $808/mo payment leaves $205/mo available for distribution. Annual cash flow reaches $2,455/yr on $54,698 to close, and return on cash invested stands at 24.4% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 127.55% and total cumulative return in cash at $69,767. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,300/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2014
4,835 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: Courtney L Wilson • Lake O Real Estate, LLC
Mls Name: BeachesMLS
Mls ID: #F10528213