Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Okeechobee at 1859 NW 3rd Lane, Okeechobee, FL, 34972 offers a 11.32% rental yield on a $255,000 purchase with $2,406/mo rent. Total monthly income registers $2,406/mo, and a $1,248/mo payment leaves $707/mo available for distribution. Annual cash flow reaches $8,482/yr on $84,533 to close, and return on cash invested stands at 29.94% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,452 over five years. Portfolio math shows five-year ROI at 157.27% and total cumulative return in cash at $132,944. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,406/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 34972, Okeechobee, FL area.
| 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 |
Residential
6,337
Single Family
6,110
Multi-Family
227
Businesses
595
Date | Event | Price |
|---|---|---|
| 2025-04-02 | Listed for sale | $255,000 |
| 2024-12-10 | Listing removed | $149,900 |
| 2023-12-10 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-02 | $2354.02 | 14.84% | $129,004 | 19.12% |
| 2022-04-02 | $2049.84 | 256.85% | $108,293 | 232.05% |
| 2021-04-02 | $574.43 | 2.14% | $32,613 | 1.40% |
Listed by: Diane Johnson • Florida Homes Realty & Mortgage
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11077340
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 2025 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.
