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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 1532 Hunter Rd, Okeechobee, FL, 34974 priced at $229,000 converts $1,600/mo rent into $80/mo cash flow after a $1,121/mo obligation. Total monthly income equals $1,600/mo, and annual cash flow totals $962/yr on $75,914 invested. Return on cash invested prints 21.18% in year one, and rental yield reads 8.38% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 110.28% and total cumulative return in cash sums $83,717. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,600/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Single Family
Built in 1983
6,490 sqft 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 |
|---|---|---|
| 2025-04-08 | Listed for sale | $229,000 |
| 2022-01-28 | Sold | $175,000 |
| 2022-01-10 | Pending sale | $197,600 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-08 | N/A | N/A | $121,952 | 74.63% |
| 2022-04-08 | $448.19 | -1.80% | $69,834 | 3.00% |
| 2021-04-08 | $456.40 | 0.42% | $67,800 | 1.40% |
Listed by: Jerri L Hill • The Tucker Group, LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10497088
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.
