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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 1517 SW 7th Avenue, Okeechobee, FL, 34974 generates $3,257/mo in rent and, after a $1,928/mo payment, leaves $643/mo in cash flow. Total monthly income is $3,257/mo, and annual cash flow is $7,713/yr on $130,611 invested. Return on cash invested sits at 25.81% in year one, and rental yield is 9.92% on a $394,000 entry. Equity gained on principal adds $2,542/yr, while 5% annual appreciation builds toward $108,855 over five years. Five-year ROI reaches 135.09% and total cumulative return in cash sums $176,440. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,257/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
N/A 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 |
|---|---|---|
| 2025-08-18 | Listed for sale | $394,000 |
| 2025-07-23 | Listing removed | $394,000 |
| 2025-07-21 | Price change | $394,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-18 | $2314.58 | 3.55% | $130,834 | 3.00% |
| 2023-08-18 | $2235.27 | 4.05% | $127,023 | 3.00% |
| 2022-08-18 | $2148.35 | 5.45% | $123,323 | 3.00% |
Listed by: Ethan Hales • Red Gator Real Estate
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11054825
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.
