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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 1515 NE 342nd Trail, Okeechobee, FL, 34972 uses $87,848 cash to close to unlock $10,625/yr annual cash flow and $885/mo monthly cash flow. Total monthly income runs $2,801/mo, and a $1,297/mo payment keeps the spread at $885/mo. Purchase price stands at $265,000, and rental yield measures 12.68% with $2,801/mo rent. Return on cash invested shows 32% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 169.1% and total cumulative return in cash records $148,551. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,801/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Manufactured
Built in 1983
21.77 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 34972, Okeechobee, FL area.
| 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 |
Residential
6,337
Single Family
6,110
Multi-Family
227
Businesses
595
Date | Event | Price |
|---|---|---|
| 2023-04-27 | Sold | $265,000 |
| 2023-03-11 | Pending sale | $299,000 |
| 2023-02-23 | Listed for sale | $299,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-11 | $4243.38 | 22.93% | $259,722 | 4.05% |
| 2023-10-11 | $3451.85 | 18.09% | $249,602 | 28.92% |
| 2022-10-11 | $2923.08 | 14.79% | $193,616 | 30.14% |
Listed by: April Newhart • LPT Realty, LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10865503
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.
