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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 1601 Us Highway 441 Highway SE #28, Okeechobee, FL, 34974 generates $2,167/mo in rent and, after a $928/mo payment, leaves $784/mo in cash flow. Total monthly income is $2,167/mo, and annual cash flow is $9,405/yr on $62,852 invested. Return on cash invested sits at 34.87% in year one, and rental yield is 13.72% on a $189,599 entry. Equity gained on principal adds $1,223/yr, while 5% annual appreciation builds toward $52,383 over five years. Five-year ROI reaches 184.56% and total cumulative return in cash sums $115,998. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,167/mo property income rather than buyer’s personal income.
Manufactured
Built in 1992
4,579 sqft lot
$N/A/sqft
$125 monthly 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 |
|---|---|---|
| 2024-11-22 | Listed for sale | $189,599 |
| 2024-08-29 | Pending sale | $189,599 |
| 2024-07-02 | Listed for sale | $189,599 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lairen DeLaLuz Caballero • Mixon Real Estate Group
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11000938
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 2024 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.
