1503 NE 6th StOkeechobeeFL34972
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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
Rental property for sale in Okeechobee at 1503 NE 6th St, Okeechobee, FL, 34972 generates $1,080/mo in rent and, after a $661/mo payment, leaves $184/mo in cash flow. Total monthly income is $1,080/mo, and annual cash flow is $2,206/yr on $44,753 invested. Return on cash invested sits at 24.84% in year one, and rental yield is 9.6% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 129.86% and total cumulative return in cash sums $58,117. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,080/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
4,617 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34972, Okeechobee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,020 (100%) |
| Owner Occupied HU | 4,456 (63.5%) |
| Renter Occupied HU | 1,706 (24.3%) |
| Vacant Housing Units | 858 (12.2%) |
| Median Home Value | $227,991 |
| Average Home Value | $272,861 |
Housing Distribution
Address Breakdown
Residential
6,337
Single Family
6,110
Multi-Family
227
Businesses
595
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Listed by: Barry Taylor • McFarland Real Estate Co
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10473900
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.