1547 SW 35th CirOkeechobeeFL34974
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1547 SW 35th Cir, Okeechobee, FL, 34974 in Okeechobee: $2,783/mo in rent, $1,088/mo net, 15.04% gross yield, all on a $222,000 acquisition. The 2.79 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $61,335 in value, and $2,045/yr in principal paydown steadily builds equity. Projected total cumulative return: $155,627.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15% | 7.0% |
| Monthly Cash Flow | $1,088 | $200 |
City averages based on Okeechobee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,783 |
| Total Monthly Debt Service | $1,607 |
| DSCR Ratio | 1.73x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2005
5,009 sqft lot
$N/A/sqft
$114 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34974, Okeechobee, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,290
Single Family
10,391
Multi-Family
899
Businesses
471
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 2005
5,009 sqft lot
$N/A/sqft
$114 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34974, Okeechobee, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,290
Single Family
10,391
Multi-Family
899
Businesses
471
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices