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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 1472 Chobee St #1, Okeechobee, FL, 34974 offers a 10.45% rental yield on a $250,000 purchase with $2,177/mo rent. Total monthly income registers $2,177/mo, and a $1,224/mo payment leaves $518/mo available for distribution. Annual cash flow reaches $6,211/yr on $82,875 to close, and return on cash invested stands at 27.4% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 143.64% and total cumulative return in cash at $119,038. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,177/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1986
0.30 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 |
|---|---|---|
| 2025-02-05 | Listed for sale | $250,000 |
| 2013-04-17 | Sold | $95,000 |
| 2009-11-18 | Sold | $90,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-15 | N/A | N/A | $92,156 | 3.00% |
| 2022-02-15 | N/A | N/A | $89,472 | 3.00% |
| 2021-02-15 | N/A | N/A | $86,866 | 1.40% |
Listed by: Bonnie Williams • FLORIDA HOMES REALTY & MORTGAGE
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #OK224914
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
