2201 SW 28th St APT 2OkeechobeeFL34974
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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
Investment Highlights
Investment property for sale in Okeechobee at 2201 SW 28th St APT 2, Okeechobee, FL, 34974 earns $773/mo cash flow from $1,888/mo rent with a $822/mo payment. Total monthly income totals $1,888/mo, and annual cash flow totals $9,281/yr on $55,692 capital. ROI tracks 36.57% on current figures, and rental yield reads 13.49% at a $168,000 purchase. Equity gained on principal adds $1,084/yr, and 5% annual appreciation supports $46,415 over five years. Five-year ROI reaches 192.83% and total cumulative return in cash sums $107,393. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,888/mo property income instead of your personal income.
Townhouse
Built in 1977
4,704 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,290
Single Family
10,391
Multi-Family
899
Businesses
471
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