15629 NW 314th St, Okeechobee, FL, 34972 | $252/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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15629 NW 314th St, Okeechobee, FL, 34972 | $252/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Okeechobee at 15629 NW 314th St, Okeechobee, FL, 34972 offers a 9.11% rental yield on a $265,000 purchase with $2,011/mo rent. Total monthly income registers $2,011/mo, and a $1,297/mo payment leaves $252/mo available for distribution. Annual cash flow reaches $3,030/yr on $87,848 to close, and return on cash invested stands at 23.36% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 121.95% and total cumulative return in cash at $107,127. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,011/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 2023

1.25 Acres lot

$N/A/sqft

No HOA

More details about the property

LITTLE HOUSE "IN" THE PRAIRIE...HOME, HOME ON THE RANGE...Call it what you wish, but if PEACE & TRANQUILITY is what you want - THIS IS IT! This like-new 2023 Clayton doublewide mobile home sits on 1.25 fenced acres away from the hustle & bustle. Pride in ownership is evident throughout this well-maintained property. It features an open, split plan with 4 bedrooms, 2 baths, vinyl plank flooring throughout, kitchen with center island & stainless steel appliances, plus all the bedrooms have walk-in closets. It also includes a water treatment system, a front gate with solar powered entry, and a cook shack/covered deck in back for grilling & outdoor enjoyment. Just imagine relaxing in your backyard with a nice fire going and looking up into the night sky to see nothing but stars for miles... Zoned AG with no deed restrictions, you can have a garden, animals, recreational vehicles, a pool, a pond, a barn - whatever your heart desires! If fishing is your thing, you're right down the road from Lake Okeechobee, Lake Istokpoga and the Kissimmee River. And just a short drive to town in Okeechobee for work, school, shopping, restaurants & medical. This is old Florida at its best! Come live where the deer and the donkey play...

Neighborhood Data

Neighborhood data shown for ZIP Code: 34972, Okeechobee, FL area.

Housing Distribution

Housing Statistics

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