








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 1553 Chobee Street, Okeechobee, FL, 34974 priced at $394,900 converts $2,640/mo rent into $19/mo cash flow after a $1,933/mo obligation. Total monthly income equals $2,640/mo, and annual cash flow totals $231/yr on $130,909 invested. Return on cash invested prints 20.09% in year one, and rental yield reads 8.02% against a $394,900 entry. Equity gained on principal adds $2,548/yr, while 5% annual appreciation compiles into $109,104 by year five. Five-year ROI reaches 104.39% and total cumulative return in cash sums $136,655. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Single Family
Built in 1985
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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Cara D'Agostino • Jason Mitchell Real Estate Flo
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11075801
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