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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 1450 SW 28th Street, Okeechobee, FL, 34974 earns from $2,582/mo rent with a $2,251/mo payment. Total monthly income totals $2,582/mo. ROI tracks 16.21% on current figures, and rental yield reads 6.74% at a $460,000 purchase. Equity gained on principal adds $2,968/yr, and 5% annual appreciation supports $127,090 over five years. Five-year ROI reaches 83.58% and total cumulative return in cash sums $127,453. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,582/mo property income instead of your personal income.
Single Family
Built in 1985
1.02 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 |
|---|---|---|
| 2017-07-31 | Sold | $189,900 |
| 2017-03-17 | Sold | $120,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-06-12 | $2483.59 | 7.23% | $172,578 | 3.00% |
| 2022-06-12 | $2316.23 | 3.71% | $167,551 | 3.00% |
| 2021-06-12 | $2233.37 | 0.94% | $162,671 | 1.40% |
Listed by: Latt Caden Durrance • R&R Property Group
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11098663
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.
