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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 1463 Lake Dr UNIT 2, Okeechobee, FL, 34974 generates $1,943/mo in rent and, after a $1,346/mo payment, leaves $119/mo in cash flow. Total monthly income is $1,943/mo, and annual cash flow is $1,431/yr on $91,129 invested. Return on cash invested sits at 21.48% in year one, and rental yield is 8.48% on a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 111.88% and total cumulative return in cash sums $101,955. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,943/mo property income rather than buyer’s personal income.
Manufactured
Built in 1993
1.49 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 |
|---|---|---|
| 2025-02-10 | Listed for sale | $274,900 |
| 2019-07-08 | Sold | $85,000 |
| 2019-06-10 | Pending sale | $92,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-15 | $1667.62 | 10.20% | $81,159 | 10.00% |
| 2022-02-15 | $1513.31 | 15.37% | $73,781 | 10.00% |
| 2021-02-15 | $1311.73 | 10.97% | $67,074 | 10.00% |
Listed by: Theresa Kerr • 3T REAL ESTATE LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #OK224920
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511
