1636 SW 35th Cir, Okeechobee, FL, 34974 | $193/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1636 SW 35th Cir, Okeechobee, FL, 34974 | $193/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

Rental property for sale in Okeechobee at 1636 SW 35th Cir, Okeechobee, FL, 34974 generates $1,420/mo in rent and, after a $905/mo payment, leaves $193/mo in cash flow. Total monthly income is $1,420/mo, and annual cash flow is $2,313/yr on $61,328 invested. Return on cash invested sits at 23.68% in year one, and rental yield is 9.21% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 123.65% and total cumulative return in cash sums $75,831. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,420/mo property income rather than buyer’s personal income.

Manufactured

Built in 1988

5,619 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautifully Updated 3/2 in Desirable Seminole Cove 55+ Community! Welcome to Seminole Cove in Okeechobee, a sought-after 55+ community offering a heated pool, stunning clubhouse, and a full calendar of activities. This well-maintained 3 bedroom, 2 bath double-wide home features spacious walk-in closets in every bedroom and a private primary suite with its own bathroom and walk-in shower. The home boasts an open living and dining area with glass doors on each side, creating bright and inviting spaces. The fully remodeled kitchen (2020) features solid wood cabinetry, pot-and-pan pull-out drawers, a pull-out pantry, plus upgraded appliances including stove, refrigerator, dishwasher, and microwave. This home is partially furnished, including a bedroom set, oak dining table with leaf and six chairs, loveseat, china cabinet, recliner, patio table with four chairs, and a brand-new 2024 Speed Queen washer with dryer. Enjoy a large screened porch with surrounding shades, hurricane shutters (including a new one for the sliding door), and completely replaced windows throughout. Additional upgrades include a reverse osmosis system, water softener, irrigation well, metal roof, and an AC unit replaced just three years ago. Outside, you'll find a generous two-stall carport with a 7x12 workshop. Seminole Cove offers an HOA of just $114/month, plus a dedicated storage lot for boats, RVs, and trailers and you own the land your home sits on. This move-in-ready home is packed with value, comfort, and community amenities. Dont miss it!

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